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Oil & Energy reviews the political standoff over the RFS, noting that the EPA had not publicly proposed 2021 renewable volume obligations as of press time. Small refinery exemptions have become a hot-button issue in the election year.
Uncertainty over RVOs and SRE waivers affects the renewable fuel credit values that underpin biodiesel and ethanol margins, and hence demand for corn and soybean oil.
oilandenergyonline.comO&E Staff ReporterOct 21, 2020After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
