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Biodiesel Magazine reported that the July 5 RFS proposal limits US biodiesel output below its full potential. The article is brief, and its text focuses on the proposed volume levels.
Volume levels below industry expectations limit soybean oil demand from biodiesel, which is bearish for soyoil and the crush margin.
biodieselmagazine.comJul 5, 2017After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
