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The US Treasury excluded imported used cooking oil from eligibility for Section 45Z clean fuel tax credits, citing fraud and inaccurate emissions reporting. Imported UCO will not count in the 45ZCF-GREET emissions model until further rules are set, leaving only domestic UCO eligible.
Removing imported UCO from credit eligibility reduces biofuel feedstock demand from imports and shifts demand toward domestic oils, which supports US soybean oil prices.
resourcewise.comJan 15, 2025After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
