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House Agriculture Committee members questioned EPA Administrator Michael Regan on why proposed 2023 to 2025 RFS volumes for biomass-based diesel and advanced biofuels fall short of current production. Clean Fuels Alliance says the U.S. market exceeded 3.6 billion gallons in 2022, while EPA's proposed volumes do not reach 3 billion gallons per year.
Congressional pressure could push EPA to raise final volumes, which would support demand for soybean oil and other biomass-based diesel feedstocks. Continued resistance would leave soyoil demand growth dependent on the market rather than mandates.
biobased-diesel.comClean Fuels Alliance AmericaApr 20, 2023
oklahomafarmreport.comAimee CarlisleApr 20, 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.
