# NBB Appreciates Bipartisan Support for Biodiesel Tax Incentive Extension - Fuels Market News

> Fuels Market News reports that the National Biodiesel Board thanked 46 Congress members for supporting a multi-year biodiesel tax incentive extension. The incentive was renewed for 2017 but expired for 2018, and the letter was sent to House leaders.

- Date: 2018-10-04 · published 2018-10-04T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/62416-nbb-appreciates-bipartisan-support-for-biodiesel-tax-incentive-extension-fuels
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A restored tax credit would support biodiesel demand for soybean oil, which is supportive for soyoil prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-10-04 | [NBB thanks bipartisan support for biodiesel tax extension - Biofuels International Magazine](https://feedsoft.ai/events/62415-nbb-thanks-bipartisan-support-for-biodiesel-tax-extension-biofuels.md) | -2.9% | -5.1% |
| 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 | 2018-09-25 | [NBB, ASA Ask President Trump to Support Biodiesel Producers, Soy Farmers - Fuels Market News](https://feedsoft.ai/events/62922-nbb-asa-ask-president-trump-to-support-biodiesel-producers-soy-farmers-fuels.md) | +2.7% | +3.1% |
| 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 | 2019-03-26 | [Congress to extend biodiesel tax incentive](https://feedsoft.ai/events/59976-congress-to-extend-biodiesel-tax-incentive.md) | -0.9% | -2.6% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/nbb-appreciates-bipartisan-support-for-biodiesel-tax-incentive-extension/

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