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A congresswoman's update says Washington enacted the Inflation Reduction Act in August, including biofuels infrastructure funding. It also notes the president's April EPA directive allowing year-round sales of higher ethanol blends and a July ITC vote against tariffs on Russian and Trinidadian nitrogen fertilizers.
Year-round E15 access and biofuel incentives support corn and soybean oil demand for ethanol and biodiesel, while the fertilizer tariff decision bears on nitrogen input costs.
fischbach.house.govSep 6, 2022After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
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 26 past neutral policy events, Urea moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% 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.
