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The EPA has not yet decided on 2021 Renewable Volume Obligations for biofuel blending or on petitions from refiners seeking exemptions for 2011-2018. EPA Administrator Andrew Wheeler could not guarantee a decision by the Nov.
30 deadline, citing COVID-19's effect on driving and fuel demand.
Delayed or uncertain biofuel blending volumes leave soybean oil and corn demand from the biofuel sector unclear, which supports price uncertainty for feed-related byproducts and vegetable oils.
hydrocarbonprocessing.comAug 26, 2020After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
After 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.
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.
