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At an August 1 EPA hearing, the National Biodiesel Board urged higher advanced biofuel and biodiesel volumes. The EPA proposal keeps 2019 biomass-based diesel at 2.1 billion gallons and sets 2018 advanced biofuels at 4.24 billion gallons, down from 4.28 billion gallons.
EPA's final rule is expected this fall.
A flat-to-lower mandate caps soybean oil demand growth from biodiesel, which weighs on the outlook for crush margins and oil prices. Any upward revision in the final rule would reverse that pressure.
fuelsmarketnews.comAbout The AuthorAug 3, 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.
