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Reuters reports that US biofuel plants are lagging behind the Trump administration's biofuel targets, with refiners required to generate or buy 8.86 billion RINs. The target of blending a record 5.4 billion gallons of biodiesel and renewable diesel is over 60% above 2025 levels.
Shortfalls in biofuel output could keep feedstock demand firm for soybean oil and tighten RIN markets, supporting vegetable oil prices while meal supply stays ample.
reuters.comSiddharth Cavale, Jarrett RenshawAug 1, 2026After 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.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
