# Biodiesel proponents ask for extension of biodiesel tax credit

> 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.

- Date: 2018-10-01 · published 2018-10-01T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/62411-biodiesel-proponents-ask-for-extension-of-biodiesel-tax-credit
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A restored tax credit would support biodiesel output and soybean oil demand, which would firm soyoil prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-02-22 | [Tax credit urged for biodiesel](https://feedsoft.ai/events/60468-tax-credit-urged-for-biodiesel.md) | -1.7% | -4.6% |
| SBO | 2019-01-23 | [Kovarik: It's time for a long-term extension of the biodiesel tax credit - Brownfield Ag News](https://feedsoft.ai/events/60971-kovarik-it-s-time-for-a-long-term-extension-of-the-biodiesel-tax-credit.md) | +3.6% | +3.1% |
| SBO | 2018-10-11 | [ASA pushes for extension of biodiesel tax incentive - American Soybean Association](https://feedsoft.ai/events/62412-asa-pushes-for-extension-of-biodiesel-tax-incentive-american-soybean-association.md) | +3.2% | -1.6% |
| SBO | 2020-03-09 | [The Biodiesel Tax Credit: What Does the New Extension Mean? - OPIS, A Dow Jones Company](https://feedsoft.ai/events/54003-the-biodiesel-tax-credit-what-does-the-new-extension-mean-opis-a-dow-jones.md) | -8.3% | -7.2% |
| SBO | 2017-04-26 | [ASA Applauds Introduction of Biodiesel Tax Credit Reform, Extension Act - American Soybean Association](https://feedsoft.ai/events/71380-asa-applauds-introduction-of-biodiesel-tax-credit-reform-extension-act-american.md) | +2.4% | +2.4% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-operations/biodiesel-proponents-ask-for-extension-of-biodiesel-tax-credit

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