# Bullish on biodiesel

> Iowa's 12 biodiesel plants produced a record 297 million gallons last year, 55 million above 2015. Speakers at the Iowa Renewable Fuels Summit said they expect President Trump to maintain a strong Renewable Fuel Standard, though the federal biodiesel tax credit has lapsed.

- Date: 2017-02-14 · published 2017-02-14T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/72361-bullish-on-biodiesel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong biodiesel output supports soybean oil demand, but the lapsed tax credit may cut 2017 production, which is a bearish factor for soyoil. Expectations for RFS support provide some offset.

## Read by commodity

- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-12-13 | [Argentina to levy 8% tax on biodiesel exports](https://feedsoft.ai/events/67560-argentina-to-levy-8-tax-on-biodiesel-exports.md) | -0.4% | -1.2% |
| SBO | 2019-06-14 | [Biodiesel Industry Rallies on Capitol Hill \| Red River Farm Network](https://feedsoft.ai/events/58474-biodiesel-industry-rallies-on-capitol-hill-red-river-farm-network.md) | +2.0% | +0.3% |
| SBO | 2018-12-14 | [Congress has unfinished business with biodiesel producers](https://feedsoft.ai/events/61462-congress-has-unfinished-business-with-biodiesel-producers.md) | -1.5% | -1.9% |
| SBO | 2017-12-19 | [10 Years of Biodiesel in the RFS - American Soybean Association](https://feedsoft.ai/events/67351-10-years-of-biodiesel-in-the-rfs-american-soybean-association.md) | +0.5% | -2.4% |
| SBO | 2022-05-20 | [Malaysia to reduce palm oil export tax, biodiesel mandate](https://feedsoft.ai/events/15820-malaysia-to-reduce-palm-oil-export-tax-biodiesel-mandate.md) | -0.4% | -7.6% |
| SOY | 2020-11-23 | [Brazil allows imported soy in biodiesel production](https://feedsoft.ai/events/50029-brazil-allows-imported-soy-in-biodiesel-production.md) | -1.1% | +5.3% |
| SOY | 2017-12-19 | [10 Years of Biodiesel in the RFS - American Soybean Association](https://feedsoft.ai/events/67351-10-years-of-biodiesel-in-the-rfs-american-soybean-association.md) | -0.2% | +1.2% |
| SOY | 2020-11-18 | [Brazil allows imported raw materials in biodiesel production](https://feedsoft.ai/events/50218-brazil-allows-imported-raw-materials-in-biodiesel-production.md) | +1.8% | +1.2% |

## Sources

- farmprogress.com: https://www.farmprogress.com/technology/bullish-on-biodiesel

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.