Loading…
Senators Grassley and Ernst and Representative Feenstra asked EPA to raise the 2024 and 2025 renewable volume obligations for biomass-based diesel and advanced biofuels. They say current levels have contributed to biodiesel plant closures in Iowa and the Midwest.
The lawmakers call for RVOs that reflect the industry's growth potential.
Higher RVOs would increase mandated demand for biomass-based diesel feedstocks such as soybean oil, supporting prices. The request is a political appeal and does not change the mandate by itself.
grassley.senate.govMay 23, 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.
