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Soybean industry representatives discussed the annual RFS volumes, threats to the RFS, the biodiesel tax credit and trade cases against subsidized foreign biodiesel at the National Biodiesel Board conference. Market dynamics and conflicts between petroleum and biofuel industries were also covered.
Ongoing uncertainty over RFS volumes and the biodiesel tax credit affects expected soybean oil demand, but the conference itself reports no new decision.
soygrowers.comJan 25, 2018soygrowers.comJan 25, 2018After 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
