# Week 49: Overview of the world biodiesel market | Greenea

> Greenea's weekly biodiesel overview reports Donald Trump's nomination of Scott Pruitt as EPA administrator, with soybean oil falling about 3 percent on CBOT. It also notes the EU cutting the first-generation biofuel share and ECB policy leaving the euro weaker.

- Date: 2016-12-09 · published 2016-12-09T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/73350-week-49-overview-of-the-world-biodiesel-market-greenea
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Uncertainty over US biofuel policy under the incoming administration weighs on soybean oil and feedstock prices, while the EU biofuel cut reduces European vegetable oil demand.

## Read by commodity

- SBO: bearish ▼
- EURUSD: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-06-30 | [Don’t put small biodiesel out of business \| The Gazette](https://feedsoft.ai/events/58479-don-t-put-small-biodiesel-out-of-business-the-gazette.md) | -1.3% | +0.7% |
| SBO | 2022-12-01 | [Soybeans slide lower on biodiesel woes – The Seam](https://feedsoft.ai/events/9755-soybeans-slide-lower-on-biodiesel-woes-the-seam.md) | -9.7% | -10.5% |
| SBO | 2019-08-01 | [NBB Asks EPA to Raise 2020 RFS and 2021 Biodiesel Volumes - Fuels Market News](https://feedsoft.ai/events/57450-nbb-asks-epa-to-raise-2020-rfs-and-2021-biodiesel-volumes-fuels-market-news.md) | +0.8% | +1.3% |
| SBO | 2017-10-08 | [Soy oil prices declining thanks to drops in U.S. government biodiesel mandates  : The Daily Digest](https://feedsoft.ai/events/68541-soy-oil-prices-declining-thanks-to-drops-in-u-s-government-biodiesel-mandates.md) | +2.4% | +5.2% |
| SBO | 2026-10-14 | [CBOT soybean oil futures plunge as EPA biofuel proposal weighs on the market \| S&P Global](https://feedsoft.ai/events/502-cbot-soybean-oil-futures-plunge-as-epa-biofuel-proposal-weighs-on-the-market-s.md) | +2.4% | — |
| PALMOIL | 2022-05-13 | [Southeast region cuts palm oil export tax. How will it impact the biodiesel market?](https://feedsoft.ai/events/15824-southeast-region-cuts-palm-oil-export-tax-how-will-it-impact-the-biodiesel.md) | -0.7% | -4.6% |
| PALMOIL | 2017-07-19 | [Malaysia to export excess biodiesel products - The Malaysian Reserve](https://feedsoft.ai/events/69838-malaysia-to-export-excess-biodiesel-products-the-malaysian-reserve.md) | +1.4% | +4.0% |
| PALMOIL | 2017-04-27 | [U.S. proposes biodiesel tax credit for producers \| World-grain.com \| April 27, 2017 14:43 \| World Grain](https://feedsoft.ai/events/71383-u-s-proposes-biodiesel-tax-credit-for-producers-world-grain-com-april-27-2017.md) | +0.4% | +3.6% |

## Sources

- greenea.com: http://www.greenea.com/en/publication/week-49-overview-of-the-world-biodiesel-market/

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