# Biofuels Industry Waits for Financial Relief, RFS Volumes Amid Uncertainty

> Ethanol producers continue to struggle as fuel demand slides during the COVID-19 pandemic, and biofuel groups are waiting for relief. The EPA has missed its deadline by a month for proposed 2021 Renewable Volume Obligations, while Congress debates a Senate bill giving USDA discretion over $20 billion in direct payments to agricultural processors.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/51965-biofuels-industry-waits-for-financial-relief-rfs-volumes-amid-uncertainty
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Delayed RFS volumes and uncertain aid leave biofuel demand for corn and soyoil clouded, which weighs on ethanol margins and the feedstock outlook.

## Read by commodity

- SBO: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-21 | [Waiver Wire: Why is the biofuels industry up in arms about oil refinery waivers?  : The Daily Digest](https://feedsoft.ai/events/64918-waiver-wire-why-is-the-biofuels-industry-up-in-arms-about-oil-refinery-waivers.md) | +0.4% | -6.9% |
| CORN | 2021-09-22 | [EXCLUSIVE: EXCLUSIVE Biden administration mulls big cuts to biofuel mandates in win for oil industry -document \| Reuters](https://feedsoft.ai/events/44932-exclusive-exclusive-biden-administration-mulls-big-cuts-to-biofuel-mandates-in.md) | +1.6% | +2.0% |
| CORN | 2020-05-11 | [RFA, Other U.S. Farm & Biofuel Leaders Ask Congress for COVID-19 Relief](https://feedsoft.ai/events/52998-rfa-other-u-s-farm-and-biofuel-leaders-ask-congress-for-covid-19-relief.md) | -1.4% | +1.9% |
| CORN | 2020-04-16 | [Five oil-refining states ask US EPA to waive biofuel mandate amid plunging fuel demand \| S&P Global](https://feedsoft.ai/events/53530-five-oil-refining-states-ask-us-epa-to-waive-biofuel-mandate-amid-plunging-fuel.md) | -1.1% | -1.4% |
| CORN | 2018-04-05 | [Federal bankruptcy court approves biofuel quota relief for PES \| Oil & Gas Journal](https://feedsoft.ai/events/65401-federal-bankruptcy-court-approves-biofuel-quota-relief-for-pes-oil-and-gas.md) | +1.1% | +3.0% |
| SBO | 2017-11-16 | [Biodiesel Industry Board Asks for Higher RFS Volumes](https://feedsoft.ai/events/67846-biodiesel-industry-board-asks-for-higher-rfs-volumes.md) | -2.0% | -5.0% |
| SBO | 2021-11-16 | [Biofuels industry seeks certainty, stability](https://feedsoft.ai/events/15434-biofuels-industry-seeks-certainty-stability.md) | +0.9% | -5.2% |
| SBO | 2020-04-17 | [Biofuels industry opposes governors’ RFS request](https://feedsoft.ai/events/53527-biofuels-industry-opposes-governors-rfs-request.md) | -2.6% | -1.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/business-inputs/article/2020/07/29/biofuels-industry-waits-financial

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