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The California Air Resources Board has certified a biodiesel additive that lets B20 blends meet the cleanest emissions profile in the US when mixed with CARB diesel. The National Biodiesel Board developed the additive with funding from the Nebraska Soybean Board.
The approval supports biodiesel use under California's low carbon fuel standard.
Wider biodiesel acceptance in California adds a marginal source of soybean oil demand. The effect on prices is small relative to federal mandates.
farmprogress.comAug 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.
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.
