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The American Soybean Association marked the 10th anniversary of biodiesel in the Renewable Fuel Standard. It noted biodiesel used over 5 billion pounds of soybean oil in 2015 and said ASA will keep pressing EPA for higher biomass-based diesel volumes.
Biodiesel already takes over a quarter of US soybean oil use, so the sector's growth path and any future volume increases directly shape soybean oil demand and prices.
soygrowers.comp3_adminDec 19, 2017After 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.
After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
