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Final Renewable Fuel Standard volumes come in below expectations; soybean oil falls limit-down.
WikipediaAfter 1,419 past policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 1,905 past policy events, SOY moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), 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.
The EPA's final RFS biomass-based diesel volumes came in below market expectations, which cut projected demand for soybean oil as a biofuel feedstock and triggered the same-day limit-down sell-off.
