# Biofuel rumors loom over soybean market - McKeany-Flavell

> Soybean futures rebounded strongly the week ending August 27, with September futures up over 65 cents. New-crop export sales reached about 588 million bushels, or 29% of USDA's 2.055 billion bushel estimate. Reports say EPA may lower 2020 and 2021 biofuel blending mandates while raising 2022 levels, though this is unconfirmed.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/45593-biofuel-rumors-loom-over-soybean-market-mckeany-flavell
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected biofuel mandate changes affect soybean oil demand and crush margins, which in turn shape meal supply. Strong export sales support prices, but a mandate cut would weigh on soy oil and crush economics.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-10-15 | [‘Bring it on,’ EU MP says of trade fight over palm biofuel phase-out](https://feedsoft.ai/events/56448-bring-it-on-eu-mp-says-of-trade-fight-over-palm-biofuel-phase-out.md) | +1.9% | +5.1% |
| SBO | 2023-04-27 | [Study: Soybean oil for biofuel production has a limited impact on food prices - Brownfield Ag News](https://feedsoft.ai/events/36473-study-soybean-oil-for-biofuel-production-has-a-limited-impact-on-food-prices.md) | -2.7% | -9.8% |
| SBO | 2017-03-16 | [Lawmakers press Trump to deny calls to overhaul biofuels program](https://feedsoft.ai/events/71860-lawmakers-press-trump-to-deny-calls-to-overhaul-biofuels-program.md) | +4.0% | -3.0% |
| SBO | 2020-03-04 | [EPA poised to issue biofuel proposal to 'quell RIN markets,' Wheeler says (NYSE:CVI) \| Seeking Alpha](https://feedsoft.ai/events/53999-epa-poised-to-issue-biofuel-proposal-to-quell-rin-markets-wheeler-says-nyse-cvi.md) | -4.9% | -6.3% |
| SBO | 2017-12-19 | [10 Years of Biodiesel in the RFS - American Soybean Association](https://feedsoft.ai/events/67351-10-years-of-biodiesel-in-the-rfs-american-soybean-association.md) | +0.5% | -2.4% |
| SOY | 2019-03-06 | [768 million pounds of soybean oil went to biodiesel in December - McKeany-Flavell](https://feedsoft.ai/events/60179-768-million-pounds-of-soybean-oil-went-to-biodiesel-in-december-mckeany-flavell.md) | -1.8% | -0.1% |
| SOY | 2024-01-22 | [Soybean Oil Rises With More US Demand Forecast for Biofuels - Bloomberg](https://feedsoft.ai/events/32190-soybean-oil-rises-with-more-us-demand-forecast-for-biofuels-bloomberg.md) | -0.3% | -3.4% |
| SOY | 2016-11-24 | [Soybean oil futures rose by 7% due to high biofuel](https://feedsoft.ai/events/6691-soybean-oil-futures-rose-by-7-due-to-high-biofuel.md) | -0.4% | -3.8% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/biofuel-rumors-loom-over-soybean-market-08-30-21/

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