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Industry groups criticized an EPA supplemental proposal on small refinery exemptions, saying it departed from the administration's earlier promise to use a three-year average of past SRE allocations. The revised plan weights SREs by Department of Energy recommendations, which is likely to lower projected exemptions.
Lower projected SRE relief implies more biofuel blending demand, which is supportive for corn ethanol and soybean oil, though the rule is still a proposal.
feedandgrain.comOct 2, 2020After 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, SBO 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.
