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The National Biodiesel Board is pushing for higher federal volume mandates, anti-dumping duties on Argentine and Indonesian biodiesel, and a switch to a producer's tax credit. The group says these changes depend on Congress and the President passing tax reform.
Anti-dumping duties and a producer's credit would cut subsidized biodiesel imports and lift domestic soybean oil demand. Outcomes depend on legislative action, so the price effect is currently speculative.
agri-pulse.comJonathan H. HarschMay 3, 2017After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
