# 12 American Soybean Association representatives testify at EPA public hearing on RFS

> Eleven American Soybean Association directors and its chief economist testified at EPA's virtual public hearing on January 10, 2023, opposing the proposed 2023 to 2025 renewable volume obligations. The group said the draft set rule would slow biofuel growth and conflicts with climate commitments. ASA cited announced crush expansions adding about 5.5 billion pounds of soybean oil supply.

- Date: 2023-01-13 · published 2023-01-13T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15343-12-american-soybean-association-representatives-testify-at-epa-public-hearing
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Opposition from the soybean sector highlights the risk that lower mandates would leave expanded crush capacity short of oil demand, pressuring soybean oil prices.

## Read by commodity

- SBO: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2023-02-17 | [American Soybean Association tells EPA to affirm its commitment to a strong RFS](https://feedsoft.ai/events/15329-american-soybean-association-tells-epa-to-affirm-its-commitment-to-a-strong-rfs.md) | +0.9% | -6.3% |
| SBO | 2019-08-05 | [Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association](https://feedsoft.ai/events/57449-soy-growers-to-epa-raise-2020-rfs-and-2021-biodiesel-volumes-american-soybean.md) | +4.7% | +1.6% |
| SOY | 2023-02-17 | [American Soybean Association tells EPA to affirm its commitment to a strong RFS](https://feedsoft.ai/events/15329-american-soybean-association-tells-epa-to-affirm-its-commitment-to-a-strong-rfs.md) | +0.2% | -3.3% |
| 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/12-american-soybean-association-representatives-testify-at-epa-public-hearing-on-rfs

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