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The American Farm Bureau outlines the Renewable Fuel Standard program and EPA's December 1, 2022 proposal setting 2023 to 2025 volume obligations and percentage standards. Public comments on the proposed rule were due February 10.
The analysis addresses the proposal's potential impacts on farmers.
Changes to renewable volume obligations directly affect demand for soybean oil and corn-based ethanol, so the final rule's terms will shape farm-level feedstock demand.
fb.orgBernt NelsonJan 31, 2023After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
