# NOPA Responds to EPA's Final Rule on RFS Renewable Volume Obligations (RVOs) for 2023-2025 - NOPA

> NOPA welcomed stronger 2025 volumes in the final RFS rule but said 2023 and 2024 volumes show no meaningful increase. The group cited more than $5 billion in oilseed crushing investments that are expected to lift soybean crush capacity over 30% by 2026.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15300-nopa-responds-to-epa-s-final-rule-on-rfs-renewable-volume-obligations-rvos-for
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large crush expansion means more soybean meal and oil supply, while the weak near-term biofuel mandates limit oil demand. The combination is bearish for soybean oil prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-06-22 | [EPA releases final rule for short-term renewable fuel obligations, falling short of biofuel industry's expectations - RealAgriculture](https://feedsoft.ai/events/15302-epa-releases-final-rule-for-short-term-renewable-fuel-obligations-falling-short.md) | +1.7% | +10.0% |
| SBO | 2017-11-30 | [NBB disappointed in renewable volume obligation for biodiesel - Brownfield Ag News](https://feedsoft.ai/events/67843-nbb-disappointed-in-renewable-volume-obligation-for-biodiesel-brownfield-ag-news.md) | -2.5% | -4.3% |
| SBO | 2023-07-05 | [Renewable Fuel Standard final rule – 2023, 2024, 2025: increases short of expectations \| News \| farmweeknow.com](https://feedsoft.ai/events/15292-renewable-fuel-standard-final-rule-2023-2024-2025-increases-short-of.md) | +0.5% | -1.8% |
| SBO | 2018-01-30 | [CEI Joins Coalition Letter In Support of EPA Proposed Adjustments to the Renewable Volume Obligations for Biodiesel - Competitive Enterprise Institute](https://feedsoft.ai/events/66861-cei-joins-coalition-letter-in-support-of-epa-proposed-adjustments-to-the.md) | -1.1% | -2.1% |
| SBO | 2019-12-19 | [EPA Issues Final 2020-21 RFS Rule - American Soybean Association](https://feedsoft.ai/events/55451-epa-issues-final-2020-21-rfs-rule-american-soybean-association.md) | +2.8% | -0.2% |
| SBM | 2016-11-23 | [EPA Finalizes Increase in Renewable Fuel Volumes \| U.S. EPA News Releases \| US EPA](https://feedsoft.ai/events/73742-epa-finalizes-increase-in-renewable-fuel-volumes-u-s-epa-news-releases-us-epa.md) | -2.6% | -4.7% |
| SBM | 2025-10-29 | [Rewriting the RFS Playbook: The Impact of Recent EPA Decisions on 2023-2027 RVOs for Biomass-Based Diesel - farmdoc daily](https://feedsoft.ai/events/15078-rewriting-the-rfs-playbook-the-impact-of-recent-epa-decisions-on-2023-2027-rvos.md) | +3.4% | +2.2% |
| SBM | 2017-08-01 | [ASA’s Heisdorffer: EPA Should Raise RFS Biodiesel Volume to 2.75 Billion Gallons - American Soybean Association](https://feedsoft.ai/events/69331-asa-s-heisdorffer-epa-should-raise-rfs-biodiesel-volume-to-2-75-billion-gallons.md) | -3.3% | -7.3% |

## Sources

- nopa.org: https://www.nopa.org/nopa-responds-to-epas-final-rule-on-rfs-renewable-volume-obligations-rvos-for-2023-2025/

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