◂ Event Timeline

Jun 26, 2018POLICYUS

Proposed RFS growth sends hopeful signal to biodiesel industry

The National Biodiesel Board welcomed the EPA's proposed Renewable Fuel Standard volumes for 2019. The piece frames the proposal as a positive signal for biodiesel producers.

WHY IT MATTERS

Higher proposed biomass-based diesel volumes would support demand for soybean oil and other feedstocks used in biodiesel, which could firm soyoil prices.

AFFECTSSoybean Oil▲

SOURCE
biodieselmagazine.comJun 26, 2018

Price reaction & history

Soybean Oil▲bullishSO FAR1d 0.0%5d -0.6%20d -2.4%

After 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.

Feb 1, 2022Senators call on EPA to set strong RFS RVOs, deny pending SREs | Biodiesel Magazine+1.1%
May 4, 2023Is the biodiesel industry on the ropes?+0.4%
May 5, 20233 years’ worth of proposed RFS ‘growth’ in biobased diesel volumes fulfilled in 3 months-0.2%
May 23, 2019US ag industry calls on Congress to extend biodiesel tax credit - Biofuels International Magazine+1.7%
Sep 16, 2020South Dakota Soybean | Biodiesel Industry Plans for Future Growth;…-1.2%

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.

Soybean Oil SBO · GP ▸

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