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The EPA issued a final Renewable Fuel Standard rule in the Federal Register that modifies the 2020 to 2022 volume targets for cellulosic, advanced, and total renewable fuel, and sets the 2022 biomass-based diesel target. It also establishes percentage standards for 2020, 2021, and 2022 across the four biofuel categories.
The rule responds to a judicial remand of the 2016 standard.
Binding volume targets create guaranteed demand for biodiesel and renewable diesel feedstocks, which tightens soybean oil supply and supports its price.
govinfo.govJul 1, 2022After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
