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Brownfield reports that EPA proposed new Renewable Volume Obligations that increase biodiesel volumes. National Biodiesel Board federal affairs vice president Kurt Kovarik describes the proposal as an increase.
The item is a short interview segment.
Higher proposed biodiesel volumes support soybean oil demand and values. The effect is modest because the proposal is not final and the story repeats earlier coverage.
brownfieldagnews.comJul 2, 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.
