
Reuters reports the White House is reviewing an EPA plan that would reallocate 50% or less of waived biofuel gallons to large refiners. The approach is likely to draw opposition from farm-state lawmakers and support from the oil industry, and could mean about 550 million gallons of lost demand.
Losing roughly 550 million gallons of biofuel demand would weaken soybean oil use in biodiesel and reduce support for soybean crush, pressuring soybean oil and meal values.
After 351 past bearish policy events, SBO 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, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), 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.