
The American Soybean Association urged EPA to reject pending retroactive small refinery exemption petitions, including 52 gap filings dating back to 2011. The group argues approving them would cut biodiesel demand and hurt soybean growers.
Approving SRE waivers would reduce biodiesel demand for soybean oil, which is bearish for soyoil and crush margins.
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.