# US fats, oils markets gain RFS clarity after weeks of refinery waiver uncertainty - Fastmarkets

> Fastmarkets reports EPA's Aug. 31 granting of 1.76 billion RINs in 2025 small refinery exemptions, with a proposal to reallocate 100% of the shortfall into 2026-2027 RVOs. D4 RINs traded around 236 cents after the announcement, recovering from lows near 191-192 cents on Aug. 24.

- Date: 2026-09-01 · published 2026-09-01T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/14993-us-fats-oils-markets-gain-rfs-clarity-after-weeks-of-refinery-waiver
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Clearer RFS outlook supports RIN values and biofuel feedstock demand, which underpins soybean oil and related fats and oils prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2026-08-31 | 5 | +9.2% | 3.4 | EPA's Aug 31 RFS clarity and D4 RIN recovery from ~191 to ~236 cents improved biodiesel/renewable diesel margins, supporting soybean oil demand. |
| PALMOIL | 2026-08-31 | 1 | +5.6% | 13.2 | EPA's Aug 31 small refinery exemption decision and RVO reallocation cut US biofuel policy uncertainty, lifting soyoil and spilling over to palm via vegetable oil substitution. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-08-01 | [Uncertainty prevails as soy oil market seeks US biofuels clarity](https://feedsoft.ai/events/23827-uncertainty-prevails-as-soy-oil-market-seeks-us-biofuels-clarity.md) | -1.5% | -1.3% |
| SBO | 2025-01-06 | [Uncertainty for energy policy as US awaits new administration: 2025 preview - Fastmarkets](https://feedsoft.ai/events/8108-uncertainty-for-energy-policy-as-us-awaits-new-administration-2025-preview.md) | +3.7% | +12.3% |
| SBO | 2022-12-30 | [Palm oil posts annual loss after three years of gains - Markets - Business Recorder](https://feedsoft.ai/events/38332-palm-oil-posts-annual-loss-after-three-years-of-gains-markets-business-recorder.md) | -4.0% | -8.2% |
| SBO | 2026-06-16 | [The 45Z reckoning: what the finalization of US biofuel policy means for every feedstock in the supply chain - Fastmarkets](https://feedsoft.ai/events/15014-the-45z-reckoning-what-the-finalization-of-us-biofuel-policy-means-for-every.md) | -1.5% | +5.5% |
| SBO | 2017-11-13 | [Markets in the morning: Oilseeds: US fix tariffs on](https://feedsoft.ai/events/68078-markets-in-the-morning-oilseeds-us-fix-tariffs-on.md) | -1.1% | -4.1% |
| PALMOIL | 2026-05-26 | [Indonesia announces state body to oversee palm oil exports; market seeks clarity on implementation - Fastmarkets](https://feedsoft.ai/events/19374-indonesia-announces-state-body-to-oversee-palm-oil-exports-market-seeks-clarity.md) | +0.4% | -1.6% |
| PALMOIL | 2025-06-02 | [Soybean oil prices fall amid uncertainty over US biofuel market and falling oil prices, but India's tariff cuts will boost demand](https://feedsoft.ai/events/10948-soybean-oil-prices-fall-amid-uncertainty-over-us-biofuel-market-and-falling-oil.md) | +2.3% | +3.8% |
| PALMOIL | 2022-12-30 | [Palm oil posts annual loss after three years of gains - Markets - Business Recorder](https://feedsoft.ai/events/38332-palm-oil-posts-annual-loss-after-three-years-of-gains-markets-business-recorder.md) | +3.1% | +1.5% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/us-fats-oils-markets-gain-rfs-clarity-after-weeks-of-refinery-waiver-uncertainty/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.