# American Soybean Association tells EPA to affirm its commitment to a strong RFS

> The American Soybean Association urged EPA to correct its proposed 2023-2025 renewable volume obligations under the Renewable Fuel Standard before the final rule due in June. ASA said the draft offered little growth and significantly slowed annual increases in biomass-based diesel volumes. It also criticized EPA's use of the USDA 10-year baseline to project feedstock availability.

- Date: 2023-02-17 · published 2023-02-17T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15329-american-soybean-association-tells-epa-to-affirm-its-commitment-to-a-strong-rfs
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker biomass-based diesel volume requirements reduce expected demand for soybean oil as a biofuel feedstock, which weighs on soybean oil prices and crush margins.

## Read by commodity

- SBO: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-09-28 | [EPA Solicits Comments on Potential Cuts to Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68821-epa-solicits-comments-on-potential-cuts-to-biodiesel-rfs-volumes-american.md) | -0.1% | +3.8% |
| SBO | 2019-12-19 | [EPA Issues Final 2020-21 RFS Rule - American Soybean Association](https://feedsoft.ai/events/55451-epa-issues-final-2020-21-rfs-rule-american-soybean-association.md) | +2.8% | -0.2% |
| SBO | 2019-08-28 | [ASA Submits Comments on RFS Proposed Volumes for 2020/2021 - American Soybean Association](https://feedsoft.ai/events/57446-asa-submits-comments-on-rfs-proposed-volumes-for-2020-2021-american-soybean.md) | +2.8% | +3.7% |
| SBO | 2023-01-13 | [12 American Soybean Association representatives testify at EPA public hearing on RFS](https://feedsoft.ai/events/15343-12-american-soybean-association-representatives-testify-at-epa-public-hearing.md) | -1.6% | -9.4% |
| SBO | 2017-10-05 | [EPA Action Would Break President’s Promises on Protecting the RFS - American Soybean Association](https://feedsoft.ai/events/68340-epa-action-would-break-president-s-promises-on-protecting-the-rfs-american.md) | -0.2% | +5.8% |
| SOY | 2023-01-13 | [12 American Soybean Association representatives testify at EPA public hearing on RFS](https://feedsoft.ai/events/15343-12-american-soybean-association-representatives-testify-at-epa-public-hearing.md) | -1.5% | +0.8% |
| SOY | 2017-12-19 | [10 Years of Biodiesel in the RFS - American Soybean Association](https://feedsoft.ai/events/67351-10-years-of-biodiesel-in-the-rfs-american-soybean-association.md) | -0.2% | +1.2% |
| SOY | 2017-11-30 | [RFS Volumes Again Fail to Capture Biodiesel’s Potential - American Soybean Association](https://feedsoft.ai/events/67841-rfs-volumes-again-fail-to-capture-biodiesel-s-potential-american-soybean.md) | +1.0% | -4.7% |

## Sources

- biobased-diesel.com: https://www.biobased-diesel.com/post/american-soybean-association-tells-epa-to-affirm-its-commitment-to-a-strong-rfs

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