Loading…
Senators Klobuchar, Grassley, Smith and 16 colleagues sent a bipartisan letter to EPA Administrator Michael Regan urging higher Renewable Fuel Standard volumes for biomass-based diesel and advanced biofuels. The letter cites a 66 percent average drop in RIN values since last summer.
Pressure to raise RFS volumes supports demand for soybean oil as a biofuel feedstock, though the letter does not itself change the mandate.
mnsoybean.orgJun 26, 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.
