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The National Biodiesel Board asked EPA Acting Administrator Andrew Wheeler to account for small refinery exemptions in RFS rules. The group also requested 2020 biomass-based diesel volumes of 2.8 billion gallons and cited more than 300 million gallons of lost demand from 2015 to 2017.
Restoring exempted biodiesel demand would increase soybean oil use in fuel, which is supportive for soyoil prices and crush margins.
farmprogress.comOct 19, 2018After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
