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The National Biodiesel Board urged EPA to raise biomass-based diesel volumes and fully account for small refinery hardship exemptions. A group of 39 senators had sent a letter to EPA backing these goals.
EPA has proposed a 2020 biomass-based diesel volume of 2.43 billion gallons.
A higher final biomass-based diesel volume would increase demand for soybean oil, while larger exemptions would reduce it. The final rule's treatment of exemptions is therefore a key price driver for soybean oil.
uscanola.comSep 27, 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.
