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Biodiesel Magazine reports the final 2017-18 RFS rule, with advanced biofuel renewable volume obligations growing 19 percent. The rule was published on November 23, 2016.
Growth in advanced biofuel obligations supports soybean oil and biodiesel demand, which pulls soybean crush and oil prices higher.
biodieselmagazine.comNov 23, 2016After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
