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The National Biodiesel Board testified on January 4, 2022 welcoming proposed 2022 RFS volume growth and urging EPA to avoid further delays. The industry reported biomass-based diesel and renewable diesel reached 3 billion gallons in 2020, and corn growers asked EPA to enforce volume requirements.
Support for higher, enforced RFS volumes signals strong future demand for soybean oil and corn-based ethanol, supporting feedstock prices if EPA finalizes them.
ohioagconnection.comJan 5, 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.
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.
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.
