# Biodiesel industry urges support for Renewable Fuel Standards - Agweek | #1 source for agriculture news, farming, markets

> 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.

- Date: 2018-04-02 · published 2018-04-02T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/65400-biodiesel-industry-urges-support-for-renewable-fuel-standards-agweek-1-source
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-12-01 | [Final RFS figures closely resemble July proposal - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/67352-final-rfs-figures-closely-resemble-july-proposal-agweek-1-source-for.md) | -1.5% | -2.0% |
| SBO | 2023-01-31 | [EPA Proposes Renewable Fuel Standards for 2023, 2024 and 2025 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15340-epa-proposes-renewable-fuel-standards-for-2023-2024-and-2025-farm-bureau-intel.md) | -3.9% | -2.6% |
| SBO | 2023-06-22 | [EPA releases final rule for short-term renewable fuel obligations, falling short of biofuel industry's expectations - RealAgriculture](https://feedsoft.ai/events/15302-epa-releases-final-rule-for-short-term-renewable-fuel-obligations-falling-short.md) | +1.7% | +10.0% |
| SBO | 2020-01-27 | [Steep Headwinds for Biodiesel Industry – ENCORE BIORENEWABLES](https://feedsoft.ai/events/54952-steep-headwinds-for-biodiesel-industry-encore-biorenewables.md) | -6.5% | -7.9% |
| SBO | 2019-06-25 | [NBB: SREs are harming demand for biodiesel, renewable diesel \| Biomass Magazine](https://feedsoft.ai/events/58473-nbb-sres-are-harming-demand-for-biodiesel-renewable-diesel-biomass-magazine.md) | -1.3% | -1.2% |

## Sources

- agweek.com: https://www.agweek.com/business/biodiesel-industry-urges-support-for-renewable-fuel-standards

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.