# EXCLUSIVE: EXCLUSIVE Biden administration mulls big cuts to biofuel mandates in win for oil industry -document | Reuters

> The Biden administration is considering large cuts to US renewable fuel blending requirements, according to a document seen by Reuters. The EPA would lower mandates for 2020 and 2021 to about 17.1 and 18.6 billion gallons, below the 20.1 billion gallons previously finalized.

- Date: 2021-09-22 · published 2021-09-22T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/44932-exclusive-exclusive-biden-administration-mulls-big-cuts-to-biofuel-mandates-in
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower ethanol blending mandates would reduce demand for corn used in ethanol and for soybean oil used in biofuels, which is bearish for corn and soybean oil prices.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-01-20 | [Biden Administration Looks for Ways to Get China to Meet Phase One Deal Ag Commitments](https://feedsoft.ai/events/14962-biden-administration-looks-for-ways-to-get-china-to-meet-phase-one-deal-ag.md) | +1.6% | +6.7% |
| CORN | 2021-08-20 | [Biden may reduce biofuel quotas, handing a win to oil-state Democrats](https://feedsoft.ai/events/45441-biden-may-reduce-biofuel-quotas-handing-a-win-to-oil-state-democrats.md) | +0.4% | -6.4% |
| CORN | 2020-04-16 | [Five oil-refining states ask US EPA to waive biofuel mandate amid plunging fuel demand \| S&P Global](https://feedsoft.ai/events/53530-five-oil-refining-states-ask-us-epa-to-waive-biofuel-mandate-amid-plunging-fuel.md) | -1.1% | -1.4% |
| CORN | 2018-05-21 | [Waiver Wire: Why is the biofuels industry up in arms about oil refinery waivers?  : The Daily Digest](https://feedsoft.ai/events/64918-waiver-wire-why-is-the-biofuels-industry-up-in-arms-about-oil-refinery-waivers.md) | +0.4% | -6.9% |
| CORN | 2025-05-16 | [Jerry Gulke: Trump Administration Sinks Grain Markets After Dropping Ball on Trade and Biofuels - AgWeb](https://feedsoft.ai/events/6683-jerry-gulke-trump-administration-sinks-grain-markets-after-dropping-ball-on.md) | +3.2% | -1.3% |
| SBO | 2021-08-20 | [Biden may reduce biofuel quotas, handing a win to oil-state Democrats](https://feedsoft.ai/events/45441-biden-may-reduce-biofuel-quotas-handing-a-win-to-oil-state-democrats.md) | -2.5% | -7.0% |
| SBO | 2019-11-13 | [US biodiesel industry dependent on tax credit, RFS to compete with fossil-based diesel - Biofuels International Magazine](https://feedsoft.ai/events/55931-us-biodiesel-industry-dependent-on-tax-credit-rfs-to-compete-with-fossil-based.md) | -0.2% | +0.6% |
| SBO | 2024-11-09 | [Industry calls for reform to LCFS biofuel guardrails \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15171-industry-calls-for-reform-to-lcfs-biofuel-guardrails-agri-pulse-communications.md) | -1.3% | -8.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/exclusive-us-epa-considering-cuts-biofuel-blending-obligations-2020-2021-2022-2021-09-22/

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