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Senators urged the EPA to set strong Renewable Fuel Standard volume obligations for 2022 and to deny pending small refinery exemption petitions. The letter targets biomass-based diesel demand under the program.
Higher RFS volume requirements and fewer exemptions would keep demand for soybean oil feedstock firm, supporting soybean oil prices.
biodieselmagazine.comFeb 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.
