# No RFS Growth is No Good: Soy Growers Surprised & Let Down by EPA Decision - American Soybean Association

> The American Soybean Association said EPA's draft set rule proposing 2023 to 2025 renewable volume obligations is deeply disappointing because it significantly slows annual volume increases. The group argues the rule ignores investment in biomass-based diesel.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15351-no-rfs-growth-is-no-good-soy-growers-surprised-and-let-down-by-epa-decision
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Slower mandate growth reduces expected demand for soybean oil in biodiesel and renewable diesel, which is bearish for soybean oil and soybean crush margins.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2023-01-05 | [Economist’s Angle: EPA’s Proposed Blending Levels Threaten Ongoing Industry Growth - American Soybean Association](https://feedsoft.ai/events/15338-economist-s-angle-epa-s-proposed-blending-levels-threaten-ongoing-industry.md) | +0.8% | -4.6% |
| 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 | 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% |
| SOY | 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) | +2.8% | +0.8% |
| SOY | 2023-01-05 | [Economist’s Angle: EPA’s Proposed Blending Levels Threaten Ongoing Industry Growth - American Soybean Association](https://feedsoft.ai/events/15338-economist-s-angle-epa-s-proposed-blending-levels-threaten-ongoing-industry.md) | +2.5% | +3.8% |
| 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% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/no-rfs-growth-is-no-good-soy-growers-surprised-let-down-by-epa-decision/

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