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Iowa Representative Randy Feenstra criticizes EPA for expecting to finalize Renewable Fuel Standard volumes for 2026 to 2028 at the end of 2025, more than a year after federal law requires. He urges the administration to set higher RVO levels that support biofuel production.
Delayed and potentially higher biofuel blending volumes would support soybean oil and corn demand for ethanol and biodiesel, but the delay leaves uncertainty in near-term feedstock demand.
grainjournal.comSep 18, 2024After 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 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 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.
