◂ Event Timeline

Mar 15, 2018POLICYUS

Biofuel groups testify on importance of stable tax policy

Biofuel groups including NBB and RFA testified before the House Ways & Means Committee in support of extending the biodiesel blenders tax credit. Witnesses argued that stable tax incentives drive investment and market certainty.

WHY IT MATTERS

Renewal of the blenders credit would support biodiesel production and soybean oil demand. Uncertainty about the credit would weigh on biodiesel margins.

AFFECTSSoybean Oil▲

SOURCE
feedstuffs.comMar 15, 2018

Price reaction & history

Soybean Oil▲bullishSO FAR1d +0.9%5d +1.9%20d -0.5%

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 5, 2021Iowa Farmers Press Importance of Biodiesel+1.4%
May 27, 2026Strong RVO’s, Strong Crush: Biofuel Policy Tightens Soybean Oil Balance Sheet+2.2%
Aug 8, 2025EPA’s Proposal to Focus Biofuel Policy on Domestic Fuels Doesn’t Add Up - Union of Concerned Scientists-1.2%
Apr 1, 2026Policy Updates: EPA sets record high biofuel volumes in Renewable Fuel Standard final rule - Pro Farmer+0.5%
Feb 21, 2022A growing group of US biodiesel producers proposes RFS policy fix to save their investments+5.2%

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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