Loading…
The Iowa Soybean Association called on the Biden administration to uphold the Renewable Fuel Standard and have the EPA deny pending small refinery exemptions. It said exemptions granted over two years removed 260 million gallons of biofuel volume.
Calls to deny exemptions and reallocate volumes point toward firmer biodiesel demand for soybean oil, though this is a lobbying statement rather than a policy change.
iasoybeans.comIowa Soybean AssociationJan 20, 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.
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.
