Loading…
Biodiesel industry leaders met in Washington to push for reforming the biodiesel tax incentive into a domestic production credit. The National Biodiesel Board says the change would support 81,600 jobs and $14.7 billion in economic benefit.
Importers supplied more than a billion gallons under the current blender's credit in 2016.
Changing the tax credit structure would shift biodiesel demand toward domestic production and affect soybean oil use. The outcome is uncertain, so the price effect is limited for now.
agweek.comAgweek Wire ReportsMar 16, 2017After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
