# Fueling Frustration Among Iowa Soybean Growers

> The EPA has announced an indefinite delay in releasing future Renewable Volume Obligations under the Renewable Fuel Standard, and it has proposed extending compliance deadlines for 2020 and 2021. No biodiesel volume guidance exists yet for 2022 or later, although 2021 biodiesel volumes were set at 2.43 billion gallons.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15433-fueling-frustration-among-iowa-soybean-growers
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Without 2022 volume targets, biodiesel demand for soybean oil is uncertain, which removes a key support for soybean oil prices. Markets may price in weaker outlook demand until the EPA sets obligations.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-04-19 | [Soy Growers Ask President Trump to Support Renewable Fuel Standard - American Soybean Association](https://feedsoft.ai/events/65395-soy-growers-ask-president-trump-to-support-renewable-fuel-standard-american.md) | -2.0% | -2.7% |
| SBO | 2019-08-12 | [More Waivers, More Woes for Struggling Soy Markets - American Soybean Association](https://feedsoft.ai/events/57451-more-waivers-more-woes-for-struggling-soy-markets-american-soybean-association.md) | -1.3% | -4.2% |
| SBO | 2023-06-21 | [Soy Growers to EPA: Final RVOs Severely Undercut Rapid Growth, Potential of the Biofuels Industry - American Soybean Association](https://feedsoft.ai/events/15299-soy-growers-to-epa-final-rvos-severely-undercut-rapid-growth-potential-of-the.md) | -0.5% | +5.8% |
| SBO | 2022-12-01 | [No RFS Growth is No Good: Soy Growers Surprised & Let Down by EPA Decision - American Soybean Association](https://feedsoft.ai/events/15351-no-rfs-growth-is-no-good-soy-growers-surprised-and-let-down-by-epa-decision.md) | -9.7% | -10.5% |
| SBO | 2019-08-05 | [Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association](https://feedsoft.ai/events/57449-soy-growers-to-epa-raise-2020-rfs-and-2021-biodiesel-volumes-american-soybean.md) | +4.7% | +1.6% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/epa-delays-on-blending-targets-fuel-uncertainty-among-farmers

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.