
Bunge, POET, the American Soybean Association, Darling Ingredients and others wrote to President Trump urging him not to expand small refinery exemptions. They argue more exemptions would undermine the 2026-27 RVOs finalized in March.
Industry opposition and speculation about larger exemptions have pressured soybean oil and RIN prices, since broader exemptions would cut biofuel feedstock demand.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.