# As RINs reach their highest levels since 2013, where does the market go from here? - Commodities Focus

> Renewable identification number (RIN) prices reached their highest levels since 2013, according to a Platts podcast discussion. High corn and soybean oil futures, the key biofuel feedstocks, have supported the market, while uncertainty over U.S. blending requirements remains.

- Date: 2021-02-04 · published 2021-02-04T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/48734-as-rins-reach-their-highest-levels-since-2013-where-does-the-market-go-from
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher RIN prices raise the cost of blending and increase the value of biofuel feedstocks, supporting demand for soybean oil and corn. Any clarity on blending mandates from Washington could move these prices sharply.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-06-07 | [Focus: As biofuels boom, companies retool oilseeds to crack new markets](https://feedsoft.ai/events/35578-focus-as-biofuels-boom-companies-retool-oilseeds-to-crack-new-markets.md) | +8.2% | +27.0% |
| SBO | 2026-01-29 | [What does the soybean market look like in 2026?](https://feedsoft.ai/events/21080-what-does-the-soybean-market-look-like-in-2026.md) | +0.6% | +8.0% |
| SBO | 2018-08-23 | [NBB Shows Higher 2020 Biodiesel Volumes Are Achievable in Comments on Annual RFS Rule - Fuels Market News](https://feedsoft.ai/events/63409-nbb-shows-higher-2020-biodiesel-volumes-are-achievable-in-comments-on-annual.md) | -0.7% | -2.2% |
| SBO | 2026-06-01 | [The low-carbon feedstock squeeze: why UCO, tallow and animal fats are becoming the most fought-over commodities in US biofuels  - Fastmarkets](https://feedsoft.ai/events/18931-the-low-carbon-feedstock-squeeze-why-uco-tallow-and-animal-fats-are-becoming.md) | -2.0% | -6.1% |
| SBO | 2017-11-27 | [Soybean prices to trade higher: Angel Commodities- Moneycontrol.com](https://feedsoft.ai/events/68081-soybean-prices-to-trade-higher-angel-commodities-moneycontrol-com.md) | -1.0% | -3.5% |
| CORN | 2022-11-29 | [Removal of China’s domestic price trade barriers could increase China’s imports of agricultural commodities - High Plains Journal](https://feedsoft.ai/events/14880-removal-of-china-s-domestic-price-trade-barriers-could-increase-china-s-imports.md) | -3.8% | +0.6% |
| CORN | 2017-02-28 | [Crop markets charge higher on last day of the month](https://feedsoft.ai/events/7823-crop-markets-charge-higher-on-last-day-of-the-month.md) | +0.9% | -1.1% |
| CORN | 2021-01-19 | [Wheat holds near 6-1/2 year peak as focus stays on Russian export tax - Markets - Business Recorder](https://feedsoft.ai/events/49175-wheat-holds-near-6-1-2-year-peak-as-focus-stays-on-russian-export-tax-markets.md) | +0.0% | +0.0% |

## Sources

- castro.fm: https://castro.fm/episode/Gzd1sd

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.