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The American Soybean Association is urging members to press Congress for a multi-year extension of the biodiesel and renewable diesel tax incentive. The group says short-term extensions leave the industry without the stability needed to invest.
A longer credit would underpin domestic soyoil demand from biofuel, which supports soybean crush and soyoil prices.
soygrowers.comOct 11, 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.
