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The EPA has sent its proposed rule setting 2021 Renewable Fuel Standard volume obligations (RVOs) to the White House Office of Management and Budget for review. The rule sets the blending mandates refiners must meet under the RFS.
Blending mandates set the baseline demand for corn-based ethanol and soybean oil used in biodiesel, so the final volumes will influence those feedstock prices.
biodieselmagazine.comMay 15, 2020After 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.
