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Forty-six members of Congress asked House leaders to extend the biodiesel tax incentive, which was renewed for 2017 but lapsed for 2018. The letter says producers are holding investments until the policy is settled.
A restored tax credit would support biodiesel output and soybean oil demand, which would firm soyoil prices.
farmprogress.comOct 1, 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.
