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The Biden administration has delayed setting renewable volume obligations for 2021 and 2022 under the Renewable Fuel Standard amid ongoing disputes between the biofuel and petroleum industries. The article is a brief excerpt.
Uncertainty over RFS volumes leaves biofuel demand for soybean oil and corn ethanol co-products unclear, which adds volatility to vegetable oil and feed-related prices.
iowafarmbureau.comDirck SteimelJul 25, 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.
Not enough comparable past events yet for a historical read.
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.
