# U.S. biodiesel profitable despite expired tax credit - Brownfield Ag News

> Data from the University of Illinois show US biodiesel producers remained profitable in 2017 despite the expiration of the $1 per gallon biodiesel tax credit. The National Biodiesel Board said RIN prices and RFS volumes are driving the market, and it is urging Congress to reinstate the credit prospectively.

- Date: 2017-06-23 · published 2017-06-23T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/70364-u-s-biodiesel-profitable-despite-expired-tax-credit-brownfield-ag-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Continued profitability suggests biodiesel production and soybean oil demand can hold up without the tax credit, as long as RIN values hold. Reinstatement of the credit would be a further bullish factor for soybean oil.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-12-30 | [Diesel vs. doughnuts - Brownfield Ag News](https://feedsoft.ai/events/43700-diesel-vs-doughnuts-brownfield-ag-news.md) | +2.8% | +4.7% |
| SBO | 2023-04-27 | [Study: Soybean oil for biofuel production has a limited impact on food prices - Brownfield Ag News](https://feedsoft.ai/events/36473-study-soybean-oil-for-biofuel-production-has-a-limited-impact-on-food-prices.md) | -2.7% | -9.8% |
| SBO | 2024-01-30 | [Renewable biodiesel and soybean prices: What to expect](https://feedsoft.ai/events/15244-renewable-biodiesel-and-soybean-prices-what-to-expect.md) | +0.0% | -1.4% |
| SBO | 2017-03-09 | [Biodiesel leaders push for producer’s tax credit, cite jobs and economic benefits - Biofuels International Magazine](https://feedsoft.ai/events/71865-biodiesel-leaders-push-for-producer-s-tax-credit-cite-jobs-and-economic.md) | -3.2% | -4.4% |
| SBO | 2018-06-27 | [Groups want hardship waivers to be addressed - Brownfield Ag News](https://feedsoft.ai/events/64406-groups-want-hardship-waivers-to-be-addressed-brownfield-ag-news.md) | -1.1% | -1.8% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/u-s-biodiesel-profitable-despite-expired-tax-credit/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.