
World Grain reports that CME soybean oil futures have held above 60 cents per pound since late February and above 70 cents since late April. The EPA set 2026 biomass-based diesel volumes at about 5.4 billion gallons, up from 3.35 billion in 2025.
Analysts doubt the industry can reach the required RIN generation pace.
The sharp mandate increase creates a large structural demand source for soybean oil, supporting prices. Doubts about achieving the volume targets add uncertainty to how long the price support will last.
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.