
Biofuel groups urged President-elect Biden to keep the Renewable Fuel Standard while adding policies such as expanded blending mandates and a low-carbon fuel standard. The American Coalition for Ethanol said corn ethanol cuts greenhouse gases roughly 50% versus gasoline.
Pressure to expand biofuel mandates could increase demand for corn ethanol and soybean oil, supporting feedstock prices if adopted.
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.
After 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.