# Economist’s Angle: EPA’s Proposed Blending Levels Threaten Ongoing Industry Growth - American Soybean Association

> The American Soybean Association's chief economist said EPA's proposed blending levels for 2023 failed to account for soybean industry growth. The proposal assumed no growth in blending obligations, potentially halting the expansion of renewable diesel and soybean processing announcements.

- Date: 2023-01-05 · published 2023-01-05T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15338-economist-s-angle-epa-s-proposed-blending-levels-threaten-ongoing-industry
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stalled biofuel mandate would curb demand for soybean oil from new renewable diesel plants, reducing the oil share of crush value and limiting crush-driven demand for soybeans.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-06 | [EPA’s Biomass-Based Blending Levels Less Than Expected by Markets - American Soybean Association](https://feedsoft.ai/events/15291-epa-s-biomass-based-blending-levels-less-than-expected-by-markets-american.md) | -0.3% | -2.6% |
| SBO | 2023-06-21 | [Soy Growers to EPA: Final RVOs Severely Undercut Rapid Growth, Potential of the Biofuels Industry - American Soybean Association](https://feedsoft.ai/events/15299-soy-growers-to-epa-final-rvos-severely-undercut-rapid-growth-potential-of-the.md) | -0.5% | +5.8% |
| SBO | 2019-07-08 | [EPA’s Proposed Biofuels Volumes a Big Miss for Soybean Farmers - American Soybean Association](https://feedsoft.ai/events/57956-epa-s-proposed-biofuels-volumes-a-big-miss-for-soybean-farmers-american-soybean.md) | +2.4% | +2.7% |
| 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% |
| SBO | 2022-12-01 | [No RFS Growth is No Good: Soy Growers Surprised & Let Down by EPA Decision - American Soybean Association](https://feedsoft.ai/events/15351-no-rfs-growth-is-no-good-soy-growers-surprised-and-let-down-by-epa-decision.md) | -9.7% | -10.5% |
| SOY | 2023-07-06 | [EPA’s Biomass-Based Blending Levels Less Than Expected by Markets - American Soybean Association](https://feedsoft.ai/events/15291-epa-s-biomass-based-blending-levels-less-than-expected-by-markets-american.md) | -3.8% | -7.6% |
| SOY | 2023-06-21 | [Soy Growers to EPA: Final RVOs Severely Undercut Rapid Growth, Potential of the Biofuels Industry - American Soybean Association](https://feedsoft.ai/events/15299-soy-growers-to-epa-final-rvos-severely-undercut-rapid-growth-potential-of-the.md) | +1.2% | +1.0% |
| SOY | 2019-07-08 | [EPA’s Proposed Biofuels Volumes a Big Miss for Soybean Farmers - American Soybean Association](https://feedsoft.ai/events/57956-epa-s-proposed-biofuels-volumes-a-big-miss-for-soybean-farmers-american-soybean.md) | +4.0% | -2.5% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/economists-angle-epas-proposed-blending-levels-threatens-ongoing-industry-growth/

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