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U.S. oil and biofuel groups jointly wrote to the incoming Trump administration asking the EPA to raise renewable fuel blending volumes for 2026 and beyond. They also asked for multi-year RFS standards to give the market certainty.
The letter was seen by Reuters.
Higher biofuel mandates would increase demand for soybean oil and other feedstocks used in biomass-based diesel, supporting oilseed prices. The outcome depends on EPA rulemaking, so the price effect is still uncertain.
reuters.comStephanie KellyFeb 20, 2025After 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.
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.
