# EPA RFS waivers may wither US soybean demand | Latest Market News

> The EPA is expected to rule by month-end on 34 petitions for exemptions from 2025 renewable fuel obligations under the RFS. The American Soybean Association warned that granting small refinery exemptions would return RIN credits to the market and reduce blending needs. Argus assessed RIN prices at record highs over the summer.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15230-epa-rfs-waivers-may-wither-us-soybean-demand-latest-market-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Exemptions would ease required biofuel blending and lower demand for soybean oil feedstock, which pressures soybean oil and soybean prices.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-03-10 | [EPA policy may reduce soybean oil demand - McKeany-Flavell](https://feedsoft.ai/events/15322-epa-policy-may-reduce-soybean-oil-demand-mckeany-flavell.md) | -3.1% | -4.3% |
| SBO | 2024-08-01 | [Will US court ruling affect demand for soybean oil and meal?](https://feedsoft.ai/events/12100-will-us-court-ruling-affect-demand-for-soybean-oil-and-meal.md) | -1.0% | -2.2% |
| SBO | 2023-03-07 | [ASA CEO: Renewable Diesel Could Drive a New Era for Soybean Demand, But EPA Needs to Rethink the RFS - AgWeb](https://feedsoft.ai/events/15321-asa-ceo-renewable-diesel-could-drive-a-new-era-for-soybean-demand-but-epa-needs.md) | -7.0% | -5.0% |
| SBO | 2017-07-05 | [EPA Proposes RFS Volumes Reflective of Market Realities for 2018 \| U.S. EPA News Releases \| US EPA](https://feedsoft.ai/events/69848-epa-proposes-rfs-volumes-reflective-of-market-realities-for-2018-u-s-epa-news.md) | +1.8% | +2.2% |
| SBO | 2019-09-26 | [Farmers say waivers are destroying demand](https://feedsoft.ai/events/56935-farmers-say-waivers-are-destroying-demand.md) | +0.1% | +5.3% |
| SOY | 2019-11-20 | [A trade deal with China could end up hurting the U.S. soybean market -Braun](https://feedsoft.ai/events/55913-a-trade-deal-with-china-could-end-up-hurting-the-u-s-soybean-market-braun.md) | -3.0% | +1.9% |
| SOY | 2024-08-01 | [Will US court ruling affect demand for soybean oil and meal?](https://feedsoft.ai/events/12100-will-us-court-ruling-affect-demand-for-soybean-oil-and-meal.md) | -0.8% | -6.8% |
| SOY | 2023-03-07 | [ASA CEO: Renewable Diesel Could Drive a New Era for Soybean Demand, But EPA Needs to Rethink the RFS - AgWeb](https://feedsoft.ai/events/15321-asa-ceo-renewable-diesel-could-drive-a-new-era-for-soybean-demand-but-epa-needs.md) | -2.7% | -1.2% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2869584-epa-rfs-waivers-may-wither-us-soybean-demand

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