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The National Biodiesel Board and the American Soybean Association asked President Trump to support biodiesel growth under the RFS, restore demand lost to exemptions, and back extension of tax incentives. The letter says the EPA offered too little room for biodiesel growth in its proposed rule.
It also urges Congress to provide long-term certainty for tax incentives.
Stronger biodiesel policy would add soybean oil demand and support soybean crush economics. Uncertainty over the rule and tax credits keeps that demand outlook unsettled.
rrfn.comCarah HartSep 20, 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.
