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The American Soybean Association welcomed EPA's proposed biomass-based diesel volume of 2.43 billion gallons for 2020, a 300 million gallon increase over 2019. The group urged EPA to reallocate volumes waived for refiners so that proposed increases are meaningful.
A larger biodiesel mandate for 2020 supports soybean oil demand, but continued small refinery waivers could erase the gains and limit the price benefit.
soygrowers.comJun 26, 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.
