Loading…
Minnesota began requiring most diesel sold in the state to be a blend of 20% biodiesel starting May 1, 2018. The state is the first to mandate a B20 blend, following years of legislative effort.
The mandate is part of a long-running push that began in 1999.
A statewide B20 mandate adds sustained demand for soybean oil, which supports soy crush and bean values. The higher crush also increases soybean meal supply, which tends to weigh on meal prices.
dtnpf.comChris ClaytonMay 1, 2018After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
