# Ernst, Grassley Push for Increased Renew... | U.S. Senator Joni Ernst

> Senator Joni Ernst joined colleagues in urging EPA Administrator Michael Regan to raise Renewable Fuel Standard volumes for biomass-based diesel and advanced biofuels. The letter says RIN values fell an average of 66 percent since the volumes were set last summer, and that some fuel plants are closing.

- Date: 2024-06-18 · published 2024-06-18T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15205-ernst-grassley-push-for-increased-renew-u-s-senator-joni-ernst
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher RFS volumes would increase demand for soybean oil and other biofuel feedstocks, while the current low RIN values are weighing on feedstock demand and investment.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-08-23 | [In Bipartisan Effort, Senators Urge EPA ... \| U.S. Senator Joni Ernst](https://feedsoft.ai/events/63412-in-bipartisan-effort-senators-urge-epa-u-s-senator-joni-ernst.md) | -0.7% | -2.2% |
| SBO | 2020-05-21 | [Klobuchar, Grassley Introduce Bill to Support Biofuel Producers - News Releases - U.S. Senator Amy Klobuchar](https://feedsoft.ai/events/53000-klobuchar-grassley-introduce-bill-to-support-biofuel-producers-news-releases-u.md) | +0.1% | +2.6% |
| SBO | 2018-08-23 | [Grassley, Senators Urge EPA to Boost Biodiesel, Support Jobs](https://feedsoft.ai/events/63411-grassley-senators-urge-epa-to-boost-biodiesel-support-jobs.md) | -0.7% | -2.2% |
| SBO | 2018-08-23 | [Senators ask EPA to increase RVOs for advanced biofuel, biodiesel  - Amy in the News - U.S. Senator Amy Klobuchar](https://feedsoft.ai/events/63413-senators-ask-epa-to-increase-rvos-for-advanced-biofuel-biodiesel-amy-in-the.md) | -0.7% | -2.2% |
| SBO | 2016-11-23 | [EPA Finalizes Increase in Renewable Fuel Volumes \| U.S. EPA News Releases \| US EPA](https://feedsoft.ai/events/73742-epa-finalizes-increase-in-renewable-fuel-volumes-u-s-epa-news-releases-us-epa.md) | +6.7% | +4.5% |

## Sources

- ernst.senate.gov: https://www.ernst.senate.gov/news/press-releases/ernst-grassley-push-for-increased-renewable-fuel-standard-volumes

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.