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A National Biodiesel Board and WAEES analysis finds that capping the price of conventional ethanol RINs would cut biomass-based diesel volumes by up to 300 million gallons a year. It would also raise livestock feed costs by about $185 million.
Lower biodiesel output reduces demand for soybean oil and crush, which is bearish for soyoil and soymeal prices. Higher feed costs would pressure livestock margins.
fuelsmarketnews.comKeith ReidMar 13, 2018After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
