
Ohio lawmakers introduced House Bill 1036, which would use a production tax credit to encourage biomass-based diesel production in the state. The Ohio Soybean Association supported the bill, saying it could create a market for Ohio soybeans after biodiesel production left the state in 2022.
If enacted, the credit could support new biodiesel capacity and increase regional demand for soybeans and soybean oil, offering a modest demand boost to those markets.
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.
After 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.
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.