
Biofuel groups are frustrated that EPA has put the 2020 RVO proposal on hold indefinitely, typically released by early July. Industry leaders fear election-year delays will remove accountability and risk litigation if the November 30 finalization deadline is missed.
Uncertainty over RFS volumes clouds the outlook for biodiesel demand and soyoil use, a key support for soybean oil prices.
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.
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.