# EPA’s renewable fuel rule called ‘missed opportunity’ | The Western Producer

> The EPA's final renewable fuel standard rule set 2023 biomass-based diesel volumes at 2.82 billion gallons, raised 2024 to 3.04 billion and 2025 to 3.35 billion gallons. Industry groups in the US and Canada criticized the mandates as well short of expectations.

- Date: 2023-06-29 · published 2023-06-29T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/35586-epa-s-renewable-fuel-rule-called-missed-opportunity-the-western-producer
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Mandates well below the roughly nine billion gallons of planned renewable diesel capacity reduce expected oilseed demand from biofuel plants, which weighs on soybean oil and canola prices.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-02-25 | [Soybean crush margins plummet in wake of EPA ruling \| The Western Producer](https://feedsoft.ai/events/15330-soybean-crush-margins-plummet-in-wake-of-epa-ruling-the-western-producer.md) | -1.3% | -8.2% |
| SBO | 2023-06-21 | [EPA Finalizes New Renewable Fuel Standards to Strengthen U.S. Energy Security, Support U.S. Rural Economy, and Expand Production of Low-Carbon Fuels \| US EPA](https://feedsoft.ai/events/15298-epa-finalizes-new-renewable-fuel-standards-to-strengthen-u-s-energy-security.md) | -0.5% | +5.8% |
| SBO | 2017-01-03 | [Tax cut seen lifting soy planting in Argentina \| The Western Producer](https://feedsoft.ai/events/72842-tax-cut-seen-lifting-soy-planting-in-argentina-the-western-producer.md) | +2.5% | -1.7% |
| SBO | 2023-10-27 | [D4 Production, Renewable Diesel, and RINs - The Jacobsen](https://feedsoft.ai/events/15269-d4-production-renewable-diesel-and-rins-the-jacobsen.md) | -0.7% | +6.4% |
| SBO | 2020-04-22 | [The 2020 Renewable Fuel Standard (RFS): COVID-19 Impacts  - EveryCRSReport.com](https://feedsoft.ai/events/53525-the-2020-renewable-fuel-standard-rfs-covid-19-impacts-everycrsreport-com.md) | -0.2% | +6.9% |

## Sources

- producer.com: https://www.producer.com/news/epas-renewable-fuel-rule-called-missed-opportunity/

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