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The American Soybean Association asked members to contact senators and EPA about the Notice of Data Availability on possible cuts to advanced and biomass-based diesel volumes. It set out steps including a senators' letter and a meeting with EPA Administrator Pruitt.
The group warned that the proposed rollbacks would hurt soybean farmers and rural communities.
The campaign signals organized industry pressure to protect biodiesel demand for soybean oil, which supports the price outlook for that product. The campaign itself does not change volumes.
soygrowers.comOct 5, 2017After 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.
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.
