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Agriculture and biofuel groups are assessing how Lee Zeldin, nominated to lead the EPA under the incoming Trump administration, will approach the Renewable Fuel Standard. Senator Pete Ricketts said Zeldin told him he now supports biofuels, despite earlier opposition to the RFS.
Confirmation of an EPA chief who supports the RFS and year-round E15 would support renewable volume demand for corn ethanol and soybean oil, though the outcome remains uncertain.
dtnpf.comTodd NeeleyDec 6, 2024After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
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.
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.
