# EPA’s Biomass-Based Blending Levels Less Than Expected by Markets - American Soybean Association

> EPA released final 2023-2025 Renewable Volume Obligations on June 21, with blending levels for biomass-based diesel below market expectations. Soybean oil futures fell by the daily limit of four cents per pound, and biomass-based diesel RIN credits dropped from $1.47 to $1.36.

- Date: 2023-07-06 · published 2023-07-06T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15291-epa-s-biomass-based-blending-levels-less-than-expected-by-markets-american
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower-than-expected biofuel mandates reduce expected demand for soybean oil from renewable diesel producers, which is bearish for soy oil prices and soybean crush margins.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-01-05 | [Economist’s Angle: EPA’s Proposed Blending Levels Threaten Ongoing Industry Growth - American Soybean Association](https://feedsoft.ai/events/15338-economist-s-angle-epa-s-proposed-blending-levels-threaten-ongoing-industry.md) | +0.8% | -4.6% |
| SBO | 2026-10-14 | [Has Biofuel Demand Replaced Export Demand in U.S. Soybean Markets? - American Soybean Association](https://feedsoft.ai/events/506-has-biofuel-demand-replaced-export-demand-in-u-s-soybean-markets-american.md) | +2.4% | — |
| SBO | 2024-09-06 | [Advocating for Soy Biomass-Based Diesel in California - American Soybean Association](https://feedsoft.ai/events/15183-advocating-for-soy-biomass-based-diesel-in-california-american-soybean.md) | -2.7% | +1.0% |
| SBO | 2019-07-08 | [EPA’s Proposed Biofuels Volumes a Big Miss for Soybean Farmers - American Soybean Association](https://feedsoft.ai/events/57956-epa-s-proposed-biofuels-volumes-a-big-miss-for-soybean-farmers-american-soybean.md) | +2.4% | +2.7% |
| SBO | 2019-08-12 | [More Waivers, More Woes for Struggling Soy Markets - American Soybean Association](https://feedsoft.ai/events/57451-more-waivers-more-woes-for-struggling-soy-markets-american-soybean-association.md) | -1.3% | -4.2% |
| SOY | 2023-01-05 | [Economist’s Angle: EPA’s Proposed Blending Levels Threaten Ongoing Industry Growth - American Soybean Association](https://feedsoft.ai/events/15338-economist-s-angle-epa-s-proposed-blending-levels-threaten-ongoing-industry.md) | +2.5% | +3.8% |
| SOY | 2024-09-06 | [Advocating for Soy Biomass-Based Diesel in California - American Soybean Association](https://feedsoft.ai/events/15183-advocating-for-soy-biomass-based-diesel-in-california-american-soybean.md) | -1.7% | +3.7% |
| SOY | 2019-07-08 | [EPA’s Proposed Biofuels Volumes a Big Miss for Soybean Farmers - American Soybean Association](https://feedsoft.ai/events/57956-epa-s-proposed-biofuels-volumes-a-big-miss-for-soybean-farmers-american-soybean.md) | +4.0% | -2.5% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/epas-biomass-based-blending-levels-less-than-expected-by-markets/

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