Loading…
S&P Global's insight piece reviews the long-running dispute between US refiners and the biofuel blending mandates under the Renewable Fuel Standard. It argues some industry participants want the RFS overhauled to better reflect current conditions.
The piece is commentary with no new policy decision.
Any future RFS overhaul or RVO change could materially shift biofuel feedstock demand for soybean oil and corn. For now, the discussion is background without a direct price move.
spglobal.comJun 22, 2021After 1,419 past policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), 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.
