# Here's Why Parched Portions of the Corn Belt Matter in the Acreage Debate - AgWeb

> Corn, soybean and soybean oil futures fell on July 13 after the Supreme Court sided with oil refiners in a Renewable Fuels Standard dispute. Before that, prices were driven by weather. Analysts flagged dry areas in the northwest Corn Belt and the upcoming June acreage report.

- Date: 2021-07-13 · published 2021-07-13T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/45920-here-s-why-parched-portions-of-the-corn-belt-matter-in-the-acreage-debate-agweb
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The court ruling weakens biofuel demand expectations, which pressures soybean oil and soybean crush values. Weather and acreage uncertainty keep corn and soybean prices volatile.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: 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 | 2020-03-25 | [Can increase the price of sunflower oil - IKAR in Mass Media \| IKAR.ru](https://feedsoft.ai/events/54254-can-increase-the-price-of-sunflower-oil-ikar-in-mass-media-ikar-ru.md) | +1.7% | -3.7% |
| SBO | 2024-07-10 | [EPA delaying issuing 2026 usage mandates to end of next year \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15199-epa-delaying-issuing-2026-usage-mandates-to-end-of-next-year-agri-pulse.md) | -1.3% | -6.8% |
| SBO | 2024-04-01 | [Why are RIN Prices Falling? - Decision Innovation Solutions](https://feedsoft.ai/events/15220-why-are-rin-prices-falling-decision-innovation-solutions.md) | +0.2% | -5.4% |
| SBO | 2023-01-31 | [What do the Proposed EPA RVOs Mean for the Future of RINs? – Turner, Mason & Company](https://feedsoft.ai/events/15339-what-do-the-proposed-epa-rvos-mean-for-the-future-of-rins-turner-mason-and.md) | -3.9% | -2.6% |
| SOY | 2021-05-04 | [China moves to cut corn, soy in feed rations - Manitoba Co-operator](https://feedsoft.ai/events/47096-china-moves-to-cut-corn-soy-in-feed-rations-manitoba-co-operator.md) | +3.8% | -0.8% |
| SOY | 2023-10-17 | [Now what? The practical implementation of the EUDR in Europe and Producing Countries - Competere](https://feedsoft.ai/events/33659-now-what-the-practical-implementation-of-the-eudr-in-europe-and-producing.md) | +0.0% | +6.4% |
| SOY | 2023-01-31 | [What do the Proposed EPA RVOs Mean for the Future of RINs? – Turner, Mason & Company](https://feedsoft.ai/events/15339-what-do-the-proposed-epa-rvos-mean-for-the-future-of-rins-turner-mason-and.md) | -0.9% | -2.9% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/crop-production/heres-why-parched-portions-corn-belt-matter-acreage-debate

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