Loading…
The American Soybean Association asked the EPA to raise the 2019 biomass-based diesel volume to 2.5 billion gallons, 400 million above the proposal. The group also urged higher advanced biofuel volumes for 2018.
The comments argue idle domestic biodiesel capacity and feedstock are available.
Higher biodiesel mandates would absorb more soybean oil, supporting soybean oil prices and crush margins, but this is a lobbying request rather than a decision.
soygrowers.comSep 1, 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.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
