
US biodiesel demand is projected to fall because of a series of EPA small refinery exemptions (SREs) that reduce the Renewable Fuel Standard obligation. Scott Irwin estimates the exemptions cut demand by 2.5 billion gallons over 2016-2018 and could exceed 700 million gallons this year.
The National Biodiesel Board says retroactive 2017 exemptions cut that year's obligation by over 240 million gallons, with effects continuing through 2019.
Lower mandated biodiesel demand reduces crush-driven demand for soybean oil, which weakens soy oil prices and shifts crush margins toward meal.
在过去 351 次看跌的政策事件之后,豆油 在 5 个交易日内中位数变动 -0.0%(49% 上涨;中间一半区间为 -1.7% 至 +1.8%),20 个交易日内为 -0.2%。
在过去 369 次看跌的政策事件之后,大豆 在 5 个交易日内中位数变动 -0.2%(46% 上涨;中间一半区间为 -1.7% 至 +1.8%),20 个交易日内为 +0.8%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。