# ASA pushes for extension of biodiesel tax incentive - American Soybean Association

> 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.

- Date: 2018-10-11 · published 2018-10-11T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/62412-asa-pushes-for-extension-of-biodiesel-tax-incentive-american-soybean-association
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A longer credit would underpin domestic soyoil demand from biofuel, which supports soybean crush and soyoil prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| SBO | 2019-01-29 | [Biodiesel Market in EU Opens for U.S. Soybeans - American Soybean Association](https://feedsoft.ai/events/61201-biodiesel-market-in-eu-opens-for-u-s-soybeans-american-soybean-association.md) | -0.6% | -0.7% |
| SBO | 2017-09-01 | [ASA Asks EPA to Increase Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68822-asa-asks-epa-to-increase-biodiesel-rfs-volumes-american-soybean-association.md) | -0.3% | -6.2% |
| SBO | 2018-02-22 | [Success in Antidumping Case for Biodiesel - American Soybean Association](https://feedsoft.ai/events/66593-success-in-antidumping-case-for-biodiesel-american-soybean-association.md) | -0.3% | +0.9% |
| SBO | 2021-05-11 | [Biodiesel: Better, Cleaner, Now! - American Soybean Association](https://feedsoft.ai/events/46965-biodiesel-better-cleaner-now-american-soybean-association.md) | +3.4% | +3.7% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/asa-pushes-extension-biodiesel-tax-incentive/

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