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The EPA granted 31 of 38 Small Refinery Exemption applications for the 2018 compliance year, adding to earlier waivers. The American Soybean Association said the exemptions undercut the Renewable Fuel Standard and reduce biodiesel demand.
Exemptions cut the gallons refiners must blend, which lowers demand for soybean oil used in biodiesel and weighs on soybean prices. Growers see this as another loss of demand on top of trade disruption.
feedandgrain.comDec 1, 2020After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
