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U.S. imports of biomass-based diesel, including biodiesel and renewable diesel, rose 65% in 2016 to a record 916 million gallons. Rising Renewable Fuel Standard targets and the expired biodiesel blender's tax credit drove the increase.
Biodiesel imports alone nearly doubled to a record 693 million gallons.
Strong import demand for biomass-based diesel supports soybean oil and feedstock demand for biofuel, which can firm vegetable oil prices. Policy incentives remain the main swing factor for future import flows.
hydrocarbonprocessing.comMar 21, 2017
eia.govMar 21, 2017After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% 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.
