
The EPA set record renewable volume obligations under the RFS, with biomass-based diesel at about 5.4 billion gallons for 2026, up from 3.35 billion in 2025, and 5.7 billion for 2027. The rule was announced March 27 at a White House event.
Sharply higher biomass-based diesel mandates lift demand for soybean oil and other vegetable oil feedstocks, tightening oil supply and supporting prices. Higher oil use for biofuel also shifts soybean crush economics toward more meal output.
After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.