# Waivers Create Woes for Struggling Soy Markets | Feed & Grain

> 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.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/49516-waivers-create-woes-for-struggling-soy-markets-feed-and-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-08-12 | [More Waivers, More Woes for Struggling Soy Markets - American Soybean Association](https://feedsoft.ai/events/57451-more-waivers-more-woes-for-struggling-soy-markets-american-soybean-association.md) | -1.3% | -4.2% |
| SBO | 2021-03-17 | [Morning Market Review for March 17, 2021 - Beachner Grain](https://feedsoft.ai/events/5122-morning-market-review-for-march-17-2021-beachner-grain.md) | +4.9% | +0.7% |
| SBO | 2026-10-28 | [CBOT wheat falls as Russia issues grain vessel permits; soybeans, soyoil follow \| MarketScreener India](https://feedsoft.ai/events/83-cbot-wheat-falls-as-russia-issues-grain-vessel-permits-soybeans-soyoil-follow.md) | -0.3% | — |
| SBO | 2021-06-28 | [Palm falls as US court ruling stokes demand worries for rival soyoil - Markets - Business Recorder](https://feedsoft.ai/events/46659-palm-falls-as-us-court-ruling-stokes-demand-worries-for-rival-soyoil-markets.md) | +6.2% | +6.2% |
| SBO | 2022-12-02 | [U.S. grains: Soy snaps win streak on disappointing biofuel mandates - AgCanada](https://feedsoft.ai/events/38340-u-s-grains-soy-snaps-win-streak-on-disappointing-biofuel-mandates-agcanada.md) | -5.8% | -8.4% |
| SOY | 2019-08-12 | [More Waivers, More Woes for Struggling Soy Markets - American Soybean Association](https://feedsoft.ai/events/57451-more-waivers-more-woes-for-struggling-soy-markets-american-soybean-association.md) | -0.7% | -3.3% |
| SOY | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -3.6% | -6.1% |
| SOY | 2026-10-28 | [CBOT wheat falls as Russia issues grain vessel permits; soybeans, soyoil follow \| MarketScreener India](https://feedsoft.ai/events/83-cbot-wheat-falls-as-russia-issues-grain-vessel-permits-soybeans-soyoil-follow.md) | -0.4% | — |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/grain-processing/news/15394947/waivers-create-woes-for-struggling-soy-markets

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