Agricultural feedstock costs drive RIN prices to all-time highs - U.S. Energy Information Administration (EIA)

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.

• Oct 28, 2026Indian distillers seek 9% corn ethanol price hike as feedstock costs surge | World Ports Organization-0.5%
• Feb 3, 2023China: Offloading Old Stock Rice Through Annual Auction | USDA Foreign Agricultural Service+1.3%
• Oct 28, 2026AIDA AGM 2026 Distillers’ Association Calls for Ethanol Pricing Reforms, Feedstock Security and E20 Expansion Roadmap - Aabkari Times-0.5%
• Nov 29, 2022Removal of China’s domestic price trade barriers could increase China’s imports of agricultural commodities - High Plains Journal-3.8%
• Jan 29, 2021Fill ’er up: Ethanol industry looks to help drive demand, net higher prices - High Plains Journal+2.4%

After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.

• Jul 13, 2022Renewable identification number prices for ethanol and biomass-based diesel remain high - U.S. Energy Information Administration (EIA)+0.0%
• Jan 6, 2020U.S. biomass-based diesel tax credit renewed through 2022 in government spending bill - U.S. Energy Information Administration (EIA)-2.1%
• Aug 11, 2021US renewable diesel production faces headwinds from high feedstock costs-2.5%
• Jul 11, 2024Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture-1.2%
• Mar 27, 2026Soybean Farmers Applaud Trump Administration’s Historic Biofuel Blending Rule to Bolster Domestic Demand for Agriculture - American Soybean Association+2.3%

After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.

• Jan 6, 2020U.S. biomass-based diesel tax credit renewed through 2022 in government spending bill - U.S. Energy Information Administration (EIA)+0.5%
• Aug 11, 2021US renewable diesel production faces headwinds from high feedstock costs-5.4%
• Jul 11, 2024Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture-3.9%
• Mar 27, 2026Soybean Farmers Applaud Trump Administration’s Historic Biofuel Blending Rule to Bolster Domestic Demand for Agriculture - American Soybean Association-0.9%
• Aug 19, 2021Marathon Petroleum Corp., ADM Announce Feedstock Partnership to Support Renewable Diesel Production-0.9%