
EPA finalized 2026 biomass-based diesel RVO at roughly 5.4 billion gallons, up from 3.35 billion in 2025. Industry groups say the increase could push soybean oil demand to record levels, with some projecting biofuels consuming about half of U.S. soybean oil production.
A large mandate increase pulls soybean oil toward biofuel use and supports crush margins, which tends to lift soybean oil prices and supports soybean meal output as a byproduct.
After 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 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.