# NBB thanks bipartisan support for biodiesel tax extension - Biofuels International Magazine

> 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.

- Date: 2018-10-04 · published 2018-10-04T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/62415-nbb-thanks-bipartisan-support-for-biodiesel-tax-extension-biofuels
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A multi-year credit would support biodiesel production and soyoil demand, which is supportive for soyoil prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-09-21 | [NBBs bids for Trump to support Biodiesel Producers - Biofuels International Magazine](https://feedsoft.ai/events/62924-nbbs-bids-for-trump-to-support-biodiesel-producers-biofuels-international.md) | +4.6% | +5.1% |
| SBO | 2018-10-04 | [NBB Appreciates Bipartisan Support for Biodiesel Tax Incentive Extension - Fuels Market News](https://feedsoft.ai/events/62416-nbb-appreciates-bipartisan-support-for-biodiesel-tax-incentive-extension-fuels.md) | -2.9% | -5.1% |
| SBO | 2019-03-27 | [National Biodiesel Board urges Congress to extend biodiesel tax incentive - Biofuels International Magazine](https://feedsoft.ai/events/59978-national-biodiesel-board-urges-congress-to-extend-biodiesel-tax-incentive.md) | +1.1% | -2.5% |
| SBO | 2019-05-23 | [US ag industry calls on Congress to extend biodiesel tax credit - Biofuels International Magazine](https://feedsoft.ai/events/58977-us-ag-industry-calls-on-congress-to-extend-biodiesel-tax-credit-biofuels.md) | +1.7% | +4.7% |
| SBO | 2019-11-28 | [National Biodiesel Board urges EPA to account for small refinery exemptions - Biofuels International Magazine](https://feedsoft.ai/events/55927-national-biodiesel-board-urges-epa-to-account-for-small-refinery-exemptions.md) | -0.3% | +14.4% |

## Sources

- biofuels-news.com: https://biofuels-news.com/news/nbb-thanks-bipartisan-support-for-biodiesel-tax-extension/

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