# Biodiesel hoping for tax credit to continue growth - Iowa Agribusiness Radio Network

> Iowa Agribusiness Radio Network reports on biodiesel growth in 2018, including New York City mandates and increased city fleet use. It also describes Senator Chuck Grassley's comments on a Brady tax bill provision that would extend the biodiesel credit and then phase it out by 2025.

- Date: 2018-12-19 · published 2018-12-19T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/61465-biodiesel-hoping-for-tax-credit-to-continue-growth-iowa-agribusiness-radio
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A phased-out credit would still support biodiesel demand for several years, which is mildly supportive for soybean oil prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-02-15 | [Iowa Soybean joins Congressional delegation calling for biodiesel tax credit \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/60469-iowa-soybean-joins-congressional-delegation-calling-for-biodiesel-tax-credit.md) | +2.1% | -1.5% |
| SBO | 2019-06-19 | [Legislation to extend biodiesel tax credit introduced \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58675-legislation-to-extend-biodiesel-tax-credit-introduced-iowa-agribusiness-radio.md) | -1.2% | -2.3% |
| SBO | 2026-04-30 | [Demand for soy oil driving price to the upside - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/19804-demand-for-soy-oil-driving-price-to-the-upside-iowa-agribusiness-radio-network.md) | +0.5% | -3.5% |
| SBO | 2017-05-08 | [Pruitt pledges to keep RFS finalizing obligations on track \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/70870-pruitt-pledges-to-keep-rfs-finalizing-obligations-on-track-iowa-agribusiness.md) | -0.2% | -4.3% |
| SBO | 2019-02-22 | [Tax credit urged for biodiesel](https://feedsoft.ai/events/60468-tax-credit-urged-for-biodiesel.md) | -1.7% | -4.6% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/biodiesel-hoping-for-tax-credit-to-continue-growth/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.