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Analysts say a potential retroactive cut to 2020 US biofuel blending obligations is unlikely to change biofuel supply or production. Compliance credits (RINs) could be affected, and biodiesel is largely unaffected since its 2021 volume was already finalized.
Limited effect on physical biofuel output means little direct change to feedstock demand, though uncertainty around RINs and policy could weigh on sentiment for biofuel-linked crops.
fastmarkets.comJocelyn Garcia, Alexandra ChapmanSep 3, 2021After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
