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The D.C. Circuit Court of Appeals on July 16, 2021 largely upheld EPA's 2019 Renewable Fuel Standard volume rule, denying most petitions for review.
The court remanded only the environmental groups' challenge concerning effects on listed species, without vacatur.
Upholding the 2019 RFS volumes preserves the statutory biofuel mandate framework that underpins soybean oil and corn ethanol demand, supporting vegetable oil and corn-based feed co-product values.
law.justia.comJul 16, 2021After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
