
EPA's June RIN data showed record renewable diesel and SAF output of 499 million gallons. Combined D4/D5 RIN generation reached 862 million gallons, up 33% year on year.
Industry sources credit the finalized 2026-2027 renewable volume obligations, and new US tariffs on Brazilian tallow are adding feedstock demand.
A higher biofuel mandate and record crush support sustained demand for soybean oil and meal, which supports prices.
After 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 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.