Loading…
Senators Grassley and Klobuchar led 22 colleagues in a bipartisan letter urging EPA Administrator Michael Regan to set higher biomass-based diesel and advanced biofuel volumes in the 2023 and 2024 Renewable Volume Obligations. The letter argues that biofuels support rural jobs, energy security, and lower emissions.
It is a lobbying request rather than a finalized rule.
Lawmakers pressing for higher biodiesel mandates would increase feedstock demand for soybean oil if EPA adopts them.
grassley.senate.govJul 20, 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.
