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The National Biodiesel Board said it was disappointed EPA kept 2018 biomass-based diesel obligations flat at 2.1 billion gallons. NBB said the advanced biofuels level of 4.29 billion gallons effectively cuts biodiesel demand by 67 million gallons in 2018.
A 67 million gallon implied cut in biodiesel demand reduces domestic soybean oil use, which is bearish for soyoil and supports more oil going to food or export markets.
brownfieldagnews.comMark DorenkampNov 30, 2017After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
