# Federal Register, Volume 88 Issue 132 (Wednesday, July 12, 2023)

> EPA published the final Renewable Fuel Standard rule in the Federal Register setting renewable volume obligations for 2023 through 2025. The rule establishes volumes and percentage standards for cellulosic, biomass-based diesel, advanced and total renewable fuel, and makes changes including treatment of biogas.

- Date: 2023-07-12 · published 2023-07-12T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15290-federal-register-volume-88-issue-132-wednesday-july-12-2023
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Set biomass-based diesel and advanced biofuel volumes determine demand for soybean oil and other feedstocks used in renewable diesel. Volumes below industry expectations weigh on soybean oil prices.

## Read by commodity

- SBO: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-07-01 | [Federal Register, Volume 87 Issue 126 (Friday, July 1, 2022)](https://feedsoft.ai/events/15376-federal-register-volume-87-issue-126-friday-july-1-2022.md) | -7.8% | -10.0% |
| SBO | 2020-02-06 | [Federal Register, Volume 85 Issue 25 (Thursday, February 6, 2020)](https://feedsoft.ai/events/54464-federal-register-volume-85-issue-25-thursday-february-6-2020.md) | -0.9% | -7.1% |
| SBO | 2019-10-28 | [Federal Register, Volume 84 Issue 208 (Monday, October 28, 2019)](https://feedsoft.ai/events/56440-federal-register-volume-84-issue-208-monday-october-28-2019.md) | +0.2% | -0.3% |
| SBO | 2018-06-26 | [Federal Register
       :: 
      Renewable Fuel Standard Program: Standards for 2019 and Biomass-Based Diesel Volume for 2020](https://feedsoft.ai/events/64400-federal-register-renewable-fuel-standard-program-standards-for-2019-and-biomass.md) | -0.6% | -2.4% |
| SBO | 2018-12-11 | [Federal Register
       :: 
      Renewable Fuel Standard Program: Standards for 2019 and Biomass-Based Diesel Volume for 2020](https://feedsoft.ai/events/61458-federal-register-renewable-fuel-standard-program-standards-for-2019-and-biomass.md) | -1.2% | -0.7% |
| CORN | 2020-02-06 | [Federal Register, Volume 85 Issue 25 (Thursday, February 6, 2020)](https://feedsoft.ai/events/54464-federal-register-volume-85-issue-25-thursday-february-6-2020.md) | -0.4% | +0.7% |
| CORN | 2017-12-12 | [Federal Register
       :: 
      Renewable Fuel Standard Program: Standards for 2018 and Biomass-Based Diesel Volume for 2019](https://feedsoft.ai/events/67350-federal-register-renewable-fuel-standard-program-standards-for-2018-and-biomass.md) | +1.9% | +2.2% |
| CORN | 2018-08-30 | [Federal Register
       :: 
      Market Facilitation Program](https://feedsoft.ai/events/63522-federal-register-market-facilitation-program.md) | +2.0% | +4.0% |

## Sources

- govinfo.gov: https://www.govinfo.gov/content/pkg/FR-2023-07-12/html/2023-13462.htm

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