Bullish on biodiesel

After 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.

• Dec 13, 2017Argentina to levy 8% tax on biodiesel exports-0.4%
• Jun 14, 2019Biodiesel Industry Rallies on Capitol Hill | Red River Farm Network+2.0%
• Dec 14, 2018Congress has unfinished business with biodiesel producers-1.5%
• Dec 19, 201710 Years of Biodiesel in the RFS - American Soybean Association+0.5%
• May 20, 2022Malaysia to reduce palm oil export tax, biodiesel mandate-0.4%

After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.

• Nov 23, 2020Brazil allows imported soy in biodiesel production-1.1%
• Dec 19, 201710 Years of Biodiesel in the RFS - American Soybean Association-0.2%
• Nov 18, 2020Brazil allows imported raw materials in biodiesel production+1.8%
• Jan 30, 2024Renewable biodiesel and soybean prices: What to expect+0.2%
• Jul 5, 2017ASA: RFS Volumes a Missed Opportunity for Biodiesel - American Soybean Association+6.3%