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Cash biodiesel prices rallied on June 29, 2017, with SME 100 up 20 cents in New York Harbor to $3.075 per gallon, following ULSD futures gains. The $1 per gallon blender tax credit expired at the end of 2016 and has not been reinstated.
Biodiesel strength supports soybean oil demand and the crush margin, while the lapsed tax credit weakens blending economics and limits upside.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
