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EPA issued a multi-part proposal setting Renewable Fuel Standard biofuel volumes for 2023 through 2025 and seeking public comment on program changes. The proposal emphasizes energy security, lower emissions and consumer protection.
Required biofuel volumes drive demand for vegetable oils and corn-based ethanol feedstock, so the proposed growth supports soybean oil and corn prices if finalized.
epa.govUS EPA,OADec 1, 2022After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 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.
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.
