# Wheeler didn’t promise RFS action ahead of elections

> EPA Administrator Andrew Wheeler said the agency is still evaluating its 2021 RVO decision and small refinery exemption waivers, and would not commit to acting before the November election. He said COVID-19 has sharply altered driving and fuel consumption.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/51486-wheeler-didn-t-promise-rfs-action-ahead-of-elections
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Uncertainty over the biofuel mandate and waiver outcomes keeps demand for soybean oil and corn-based ethanol unpredictable, which adds volatility to vegetable oil and corn pricing.

## Read by commodity

- SBO: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-07-27 | [Ag sector RFS accountability hangs in balance ahead of November election \| 2020-07-27  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/51968-ag-sector-rfs-accountability-hangs-in-balance-ahead-of-november-election-2020.md) | +3.7% | +5.4% |
| SBO | 2019-09-20 | [Economist Proposes Two RFS Changes to Appease Oil, Ethanol](https://feedsoft.ai/events/56936-economist-proposes-two-rfs-changes-to-appease-oil-ethanol.md) | -2.7% | +1.9% |
| SBO | 2019-12-18 | [Ag, biofuel groups appeal to President for 'direct intervention' on RFS](https://feedsoft.ai/events/55456-ag-biofuel-groups-appeal-to-president-for-direct-intervention-on-rfs.md) | +0.2% | -2.3% |
| SBO | 2020-10-21 | [The Politics of the RFS \| O&E Online](https://feedsoft.ai/events/50514-the-politics-of-the-rfs-o-and-e-online.md) | +2.4% | +12.6% |
| SBO | 2020-03-04 | [EPA poised to issue biofuel proposal to 'quell RIN markets,' Wheeler says (NYSE:CVI) \| Seeking Alpha](https://feedsoft.ai/events/53999-epa-poised-to-issue-biofuel-proposal-to-quell-rin-markets-wheeler-says-nyse-cvi.md) | -4.9% | -6.3% |
| CORN | 2020-10-19 | [Trump's payments to farmers hit all-time high ahead of election](https://feedsoft.ai/events/50501-trump-s-payments-to-farmers-hit-all-time-high-ahead-of-election.md) | +2.7% | +2.6% |
| CORN | 2020-07-27 | [Ag sector RFS accountability hangs in balance ahead of November election \| 2020-07-27  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/51968-ag-sector-rfs-accountability-hangs-in-balance-ahead-of-november-election-2020.md) | -1.6% | +2.2% |
| CORN | 2018-06-26 | [Reaction to EPA's proposed new RFS quotas](https://feedsoft.ai/events/64403-reaction-to-epa-s-proposed-new-rfs-quotas.md) | -2.3% | -3.5% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/agribusiness-news/wheeler-stops-short-of-promising-rfs-action-ahead-of-election

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