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The American Soybean Association filed comments on EPA's proposed RFS rule. It welcomed increased biomass-based diesel volumes for 2020 and advanced biofuel volumes for 2019.
It urged EPA to add growth and recover volumes lost to small refinery exemptions in 2016-17.
Higher biomass-based diesel mandates would increase demand for soybean oil, supporting its price relative to meal. Uncertainty over exemptions limits that demand support.
soygrowers.comAug 23, 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.
