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Clean Fuels Alliance America is petitioning EPA to raise biomass-based diesel volumes in the Renewable Fuel Standard for 2024 and 2025. The group asks for 5.1 billion gallons in 2024 and 5.6 billion in 2025, versus EPA's set levels of 3.04 and 3.35 billion gallons.
If EPA grants the petition, biomass-based diesel demand for soybean oil and other feedstocks would rise sharply, supporting vegetable oil prices.
dtnpf.comTodd NeeleyJun 24, 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.
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.
