
Petrobras renewed its call for a separate mandate for renewable diesel (Diesel R) and HVO under Brazil’s Future Fuel Law. The company says the mandate should complement, rather than compete with, the biodiesel blending requirement; Diesel R is made by coprocessing a share of soybean oil with petroleum feedstock, and its renewable content has ranged from 5% to 8.5% this year.
A separate mandate could add renewable diesel demand beyond the existing biodiesel blend, increasing potential demand for soybean oil. The size and timing of any additional demand depend on whether the policy is adopted and how it is implemented.
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.