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The National Biodiesel Board responded to EPA's data notice by seeking a 2019 biomass-based diesel volume above 2.1 billion gallons and advanced biofuels of 4.75 billion gallons. It said an EPA letter to senators did not commit to going above the proposed 2.1 billion gallon level.
The board welcomed the end of planned cuts.
An EPA volume held flat at 2.1 billion gallons offers limited growth for soybean oil demand. Industry requests for higher volumes leave some upside if the final rule is raised.
fuelsmarketnews.comFuels Market NewsOct 24, 2017After 196 past neutral policy events, Soybean Oil 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.
