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US renewable fuel credits (RINs) hit multi-year highs as costs for feedstocks such as soybean oil rose. Traders also bet on reduced refinery exemptions from blending requirements.
The American Fuel & Petrochemical Manufacturers group urged EPA to resolve uncertainty over 2021 blending obligations.
Higher RIN prices raise the incentive to use biofuel feedstocks, supporting soyoil demand. Changes to EPA blending rules could shift the pace of renewable diesel and biodiesel output.
hydrocarbonprocessing.comMar 18, 2021After 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.
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.
