
Soybean and biodiesel groups urged Agriculture Secretary Sonny Perdue to back reform of the Renewable Fuel Standard during an Iowa visit. They objected to the EPA considering 98 more refinery exemptions, following the August 10 derecho that damaged Iowa cropland.
Granting 98 more exemptions would cut biodiesel demand for soybean oil and could weigh on soybean crush economics. The outcome depends on EPA decisions still pending.
After 351 past bearish policy events, Soybean Oil 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, Soybeans 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.