# Spot Biodiesel Market Rallies on ULSD Futures Gains

> 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.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70582-spot-biodiesel-market-rallies-on-ulsd-futures-gains
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Biodiesel strength supports soybean oil demand and the crush margin, while the lapsed tax credit weakens blending economics and limits upside.

## Read by commodity

- SBO: bullish ▲
- DIESEL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/ethanol-blog/blog-post/2017/06/29/spot-biodiesel-market-rallies-ulsd
- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/ethanol-blog/blog-post/2017/06/29/spot-biodiesel-market-rallies-ulsd

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