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The National Biodiesel Board thanked 46 members of Congress, led by Reps. David Young and Dave Loebsack, for backing a multi-year extension of the biodiesel tax incentive.
The letter asks House leaders for a resolution in the coming weeks.
A multi-year credit would support biodiesel production and soyoil demand, which is supportive for soyoil prices.
biofuels-news.comBiofuels Int @biofuelsmagOct 4, 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.
