# EPA releases final rule for short-term renewable fuel obligations, falling short of biofuel industry's expectations - RealAgriculture

> EPA announced a final rule setting 2023 to 2025 renewable volume obligations for biomass-based diesel and advanced biofuels. The 2023 biomass-based diesel mandate is 2.82 billion gallons, unchanged from the proposal, with higher levels in 2024 and 2025.

- Date: 2023-06-22 · published 2023-06-22T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15302-epa-releases-final-rule-for-short-term-renewable-fuel-obligations-falling-short
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The mandate sets a firm demand base for soybean oil and other feedstocks used in biodiesel and renewable diesel. Because the volumes fell short of industry expectations, the price outlook for soybean oil is bearish.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-06-30 | [Renewable Fuel Standard Final Rule – 2023, 2024, 2025: Increases Short of Expectations \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15301-renewable-fuel-standard-final-rule-2023-2024-2025-increases-short-of.md) | +7.8% | +12.3% |
| SBO | 2018-04-02 | [Biodiesel industry urges support for Renewable Fuel Standards - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65400-biodiesel-industry-urges-support-for-renewable-fuel-standards-agweek-1-source.md) | -1.1% | -4.5% |
| SBO | 2023-06-21 | [NOPA Responds to EPA's Final Rule on RFS Renewable Volume Obligations (RVOs) for 2023-2025 - NOPA](https://feedsoft.ai/events/15300-nopa-responds-to-epa-s-final-rule-on-rfs-renewable-volume-obligations-rvos-for.md) | -0.5% | +5.8% |
| SBO | 2024-02-28 | [Renewable diesel boom slows; industry eyes IRA, Canada for relief \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15234-renewable-diesel-boom-slows-industry-eyes-ira-canada-for-relief-agri-pulse.md) | -0.0% | +7.7% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2023/06/epa-releases-final-rule-for-short-term-renewable-fuel-obligations-falling-short-of-biofuel-industrys-expectations/

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