# CRS Trips Over Itself in Assessing Whether COVID-19 Will Affect RFS Compliance

> The RFA disputes a May Congressional Research Service report on COVID-19's effect on RFS compliance. It argues the RFS adjusts obligations proportionally as fuel use falls and that a large surplus of RINs can cover 2020 obligations.

- Date: 2020-05-04 · published 2020-05-04T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/53001-crs-trips-over-itself-in-assessing-whether-covid-19-will-affect-rfs-compliance
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

If the RIN surplus lets obligated parties meet 2020 requirements without blending, biofuel plant output may hold up less than the pandemic would otherwise imply, which affects corn and soybean oil demand.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-03-03 | [Rapeseed: more confidence in coping with Covid-19 - Mundus Agri](https://feedsoft.ai/events/54242-rapeseed-more-confidence-in-coping-with-covid-19-mundus-agri.md) | -4.4% | -6.0% |
| SBO | 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) | +1.3% | +7.1% |
| SBO | 2024-08-01 | [Will US court ruling affect demand for soybean oil and meal?](https://feedsoft.ai/events/12100-will-us-court-ruling-affect-demand-for-soybean-oil-and-meal.md) | -1.0% | -2.2% |
| SBO | 2020-04-22 | [The 2020 Renewable Fuel Standard (RFS): COVID-19 Impacts  - EveryCRSReport.com](https://feedsoft.ai/events/53525-the-2020-renewable-fuel-standard-rfs-covid-19-impacts-everycrsreport-com.md) | -0.2% | +6.9% |
| SBO | 2017-12-03 | [RFS ruling stays course on ethanol but biomass diesel will see no increase](https://feedsoft.ai/events/67354-rfs-ruling-stays-course-on-ethanol-but-biomass-diesel-will-see-no-increase.md) | -0.2% | -0.7% |
| SOY | 2020-04-08 | [Forest related policy initiatives: How Covid-19 will affect them - Fern](https://feedsoft.ai/events/53660-forest-related-policy-initiatives-how-covid-19-will-affect-them-fern.md) | -1.5% | -2.8% |
| SOY | 2023-10-02 | [Doubts over legal compliance put Brazil’s soy exports to the EU at risk - Insights - Trase](https://feedsoft.ai/events/33664-doubts-over-legal-compliance-put-brazil-s-soy-exports-to-the-eu-at-risk.md) | -0.7% | +1.7% |
| SOY | 2023-09-26 | [Doubts over compliance with Brazil’s Forest Code put soy trade to EU at risk - Press Release - Trase](https://feedsoft.ai/events/34129-doubts-over-compliance-with-brazil-s-forest-code-put-soy-trade-to-eu-at-risk.md) | -1.6% | -0.8% |

## Sources

- ethanolrfa.org: https://ethanolrfa.org/media-and-news/category/blog/article/2020/05/crs-trips-over-itself-in-assessing-whether-covid-19-will-affect-rfs-compliance

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