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The article explains the Renewable Fuel Standard, which requires U.S. transportation fuel to contain minimum renewable volumes, and notes EPA's 2022 target of 36 billion gallons. It also covers the proposed complete denial of small refinery exemptions (SREs), which would keep more blending obligations in place.
Higher or more secure RFS blending demand pulls soybean oil and corn-based ethanol demand upward, supporting feedstock prices for feed-related crops and co-products.
agweb.comJenna HoffmanSep 22, 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.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
