# Reform The RFS - Advanced Biofuels Association

> 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.

- Date: 2021-11-02 · published 2021-11-02T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15435-reform-the-rfs-advanced-biofuels-association
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-11-30 | [EPA Announces Biodiesel and Advanced Biofuels Volumes - American Soybean Association](https://feedsoft.ai/events/61900-epa-announces-biodiesel-and-advanced-biofuels-volumes-american-soybean.md) | +3.0% | -0.5% |
| SBO | 2017-08-11 | [Tell EPA to Increase RFS Biodiesel and Advanced Biofuels Volumes in 2018 and 2019 - American Soybean Association](https://feedsoft.ai/events/69327-tell-epa-to-increase-rfs-biodiesel-and-advanced-biofuels-volumes-in-2018-and.md) | -1.6% | +2.5% |
| SBO | 2018-11-30 | [RFS levels fail to offer forward advance on biofuels demand](https://feedsoft.ai/events/61902-rfs-levels-fail-to-offer-forward-advance-on-biofuels-demand.md) | +3.0% | -0.5% |
| SBO | 2018-09-27 | [NBB Fuels Biodiesel Promotion \| U.S. Canola Association](https://feedsoft.ai/events/62921-nbb-fuels-biodiesel-promotion-u-s-canola-association.md) | +3.7% | +0.5% |
| SBO | 2021-02-18 | [Biofuels bill advances through Iowa subcommittees](https://feedsoft.ai/events/48509-biofuels-bill-advances-through-iowa-subcommittees.md) | +6.6% | +18.5% |
| PALMOIL | 2020-03-19 | [Biofuels policies to massively increase deforestation by 2030 –… \| T&E](https://feedsoft.ai/events/54146-biofuels-policies-to-massively-increase-deforestation-by-2030-t-and-e.md) | +1.3% | -3.9% |
| PALMOIL | 2017-09-28 | [EPA Solicits Comments on Potential Cuts to Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68821-epa-solicits-comments-on-potential-cuts-to-biodiesel-rfs-volumes-american.md) | -2.9% | -1.7% |
| PALMOIL | 2024-04-01 | [The EU Deforestation Regulation: Getting started now](https://feedsoft.ai/events/31227-the-eu-deforestation-regulation-getting-started-now.md) | +3.0% | -2.1% |

## Sources

- abfa.org: https://abfa.org/priority/reform-the-rfs/

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