# Biofuel Supporters Ask Trump for RFS Support | Red River Farm Network

> 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.

- Date: 2018-09-20 · published 2018-09-20T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/62926-biofuel-supporters-ask-trump-for-rfs-support-red-river-farm-network
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-04-25 | [B20 Mandate Delivers Demand for Soyoil \| Red River Farm Network](https://feedsoft.ai/events/65396-b20-mandate-delivers-demand-for-soyoil-red-river-farm-network.md) | -3.0% | +1.6% |
| SBO | 2018-12-05 | [Building Demand for ND Soybeans \| Red River Farm Network](https://feedsoft.ai/events/61459-building-demand-for-nd-soybeans-red-river-farm-network.md) | +0.6% | -0.8% |
| 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 | 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 | 2023-12-18 | [Demand to Surpass Supply in Renewable Diesel Market \| Red River Farm Network](https://feedsoft.ai/events/15253-demand-to-surpass-supply-in-renewable-diesel-market-red-river-farm-network.md) | -1.2% | -3.1% |

## Sources

- rrfn.com: https://www.rrfn.com/2018/09/20/biofuel-supporters-ask-trump-for-rfs-support/

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