
Democratic nominee Joe Biden criticized President Trump's handling of the Renewable Fuel Standard, citing delayed annual volume targets and small refinery waivers. Nearly 100 waiver applications are reported pending with EPA.
Political commitments on the biofuel mandate signal how future policy could change biofuel demand for corn and soybean oil, which matters for longer-term price expectations.
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.
After 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.
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.