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The Advanced Biofuels Association and NATSO urged Congress to keep the biodiesel blenders' tax credit unchanged. They argue a producer's credit would raise consumer fuel costs, and the $1 per gallon credit expired at the end of 2016.
The lobbying pushes against a shift to a producer's credit, which would reduce the incentive for biodiesel blending and could weigh on soybean oil demand. The lobbying itself is not a policy change, so the price effect is limited.
biofuels-news.comBiofuels Int @biofuelsmagMay 9, 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.
