# US industry calls for government to boost renewable fuels support - Fastmarkets

> Biofuel industry representatives at a Fastmarkets conference said the government's focus on electrification leaves little room for renewable fuels. They pointed to lower-than-expected renewable volume obligations for the next three years. They also criticized the EPA for not yet holding a promised meeting on the Renewable Fuel Standard.

- Date: 2023-05-22 · published 2023-05-22T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15307-us-industry-calls-for-government-to-boost-renewable-fuels-support-fastmarkets
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Industry pressure for stronger renewable fuel mandates supports demand for soybean oil, but these are advocacy remarks without a new policy decision. The price effect is limited until the EPA finalizes volumes.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-10-22 | [Renewable Fuel Standards 2026: where US D4 supply stands against the biomass-based diesel requirement - Fastmarkets](https://feedsoft.ai/events/14986-renewable-fuel-standards-2026-where-us-d4-supply-stands-against-the-biomass.md) | -0.7% | — |
| SBO | 2016-12-05 | [Higher renewable fuels standard supports oils - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73343-higher-renewable-fuels-standard-supports-oils-agweek-1-source-for-agriculture.md) | -2.1% | -7.8% |
| SBO | 2024-12-20 | [Government raises CPO export levy to 10 percent for biodiesel subsidies \| Indonesia Business Post](https://feedsoft.ai/events/15597-government-raises-cpo-export-levy-to-10-percent-for-biodiesel-subsidies.md) | -0.5% | +9.9% |
| SBO | 2024-03-25 | [US biofuel support clears way for new crush capacity \| Latest Market News](https://feedsoft.ai/events/31292-us-biofuel-support-clears-way-for-new-crush-capacity-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2021-03-02 | [Pres. Fernandez pledges support to Argentina meals, oils exports - Fastmarkets](https://feedsoft.ai/events/47975-pres-fernandez-pledges-support-to-argentina-meals-oils-exports-fastmarkets.md) | +9.1% | +10.7% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/us-industry-calls-to-boost-renewable-fuels-support/

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