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Iowa Agriculture Secretary Mike Naig submitted comments to EPA urging it to finalize the proposed 2023-2025 RFS volumes for ethanol and to raise biomass-based diesel volumes, which he called unacceptably low. He cited Iowa's 42 ethanol biorefineries and 11 biodiesel plants as evidence of the state's biofuel leadership.
The comments asked EPA to respect congressional intent in the final rule.
Stronger ethanol and biodiesel volume requirements would support demand for corn and soybean oil, so the state's push for higher mandates is supportive for those prices if EPA adopts it.
iowaagriculture.govFeb 14, 2023After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 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.
