No RFS Growth is No Good: Soy Growers Surprised & Let Down by EPA Decision

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.

• Aug 5, 2019Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association+4.7%
• Dec 19, 2019EPA Issues Final 2020-21 RFS Rule - American Soybean Association+2.8%
• Jan 5, 2023Economist’s Angle: EPA’s Proposed Blending Levels Threaten Ongoing Industry Growth - American Soybean Association+0.8%
• Jun 21, 2023Soy Growers to EPA: Final RVOs Severely Undercut Rapid Growth, Potential of the Biofuels Industry - American Soybean Association-0.5%
• Feb 17, 2023American Soybean Association tells EPA to affirm its commitment to a strong RFS+0.9%

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.

• Aug 5, 2019Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association+2.8%
• Jan 5, 2023Economist’s Angle: EPA’s Proposed Blending Levels Threaten Ongoing Industry Growth - American Soybean Association+2.5%
• Jun 21, 2023Soy Growers to EPA: Final RVOs Severely Undercut Rapid Growth, Potential of the Biofuels Industry - American Soybean Association+1.2%
• Jul 6, 2023EPA’s Biomass-Based Blending Levels Less Than Expected by Markets - American Soybean Association-3.8%
• Jul 8, 2019EPA’s Proposed Biofuels Volumes a Big Miss for Soybean Farmers - American Soybean Association+4.0%