EPA finalized a rule on January 28, 2022 pushing back compliance deadlines for refiners to meet 2020 and 2021 Renewable Fuel Standard blending obligations. The American Soybean Association criticized the repeated deadline changes as creating uncertainty for biomass-based diesel producers.
Delayed RFS compliance keeps biofuel blending demand for soybean oil uncertain, which can weigh on soybean oil prices and the soy complex until firm volumes are set.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.