critical

US Renewable Diesel Policy / 45Z Tax Credit

high

Argentine Export Tax Structure

high

Brazil/Argentina soybean drought

high

US summer drought (soybean crop)

high

Palm Oil substitution / soy-palm spread

moderate

Indian import demand seasonality + festival cycle

moderate

EU RED II palm biodiesel phase-out

moderate

Trans Fat Elimination

moderate

Glyphosate residue limits / EU MRL

moderate

Hexane solvent residue limits

moderate

Parana River low water levels