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The American Soybean Association lists its advocacy priorities beyond the farm bill. These include the Renewable Fuel Standard, the Waters of the United States rule and Endangered Species Act pesticide compliance.
The group says EPA's proposed RFS volumes would curtail soy-based biofuel growth over the next three years.
Soy-based biofuel growth depends on RFS volumes, so limits on that growth reduce soybean oil demand. The article itself describes advocacy priorities rather than a new market event.
soygrowers.comJordan BrightMay 12, 2023After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
