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The biodiesel industry says it remains concerned about the Renewable Fuel Standard despite quieter policy discussions. Some in the Trump administration have floated capping RIN prices at 10 cents, far below current values.
No formal proposal has been issued, and the RIN market is described as heavily speculative.
A RIN price cap would cut biodiesel margins and reduce feedstock demand for soybean oil. Speculation alone can weigh on biofuel-linked soybean oil sentiment until a decision is made.
agweek.comJenny Schlecht, Agweek Staff WriterApr 2, 2018After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
