
EPA's proposed multiyear Renewable Fuel Standard volumes for 2023 to 2025 set biomass-based diesel levels below current actual production. Farmers and biofuel representatives urged EPA at a public hearing to revise the proposal, warning it would jeopardize biodiesel plant investments and soybean crush expansion.
Lower mandated biomass-based diesel volumes would reduce expected demand for soybean oil from renewable diesel and biodiesel producers, weighing on soybean oil prices and the crush margin that supports soybean demand.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.