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Representatives Ashley Hinson and Angie Craig led lawmakers in urging EPA to increase proposed advanced biofuel and biomass-based diesel RVOs. The letter asks the agency to raise the 2023, 2024 and 2025 Renewable Fuel Standard volumes.
Stronger RVOs would expand mandated demand for soybean oil and related feedstocks. A congressional push for higher volumes raises the chance of a final rule that supports soyoil prices.
biodieselmagazine.comApr 14, 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.
