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The EPA has proposed RFS updates including 2026 and 2027 volume obligations of at least 5.61 and 5.86 billion gallons of biomass-based diesel. The proposal would also cut the value of RINs for fuels made from foreign feedstocks, which the advocacy group says would raise costs and shift imports.
Reducing RIN credit for imported feedstocks would make foreign oils less attractive for US biofuel producers, which supports domestic soybean oil and draws demand toward Palm Oil from elsewhere. Higher biofuel costs could also push up food and fuel prices.
abfa.orgNov 2, 2021After 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 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), 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.
