# Biofuels industry opposes governors’ RFS request

> Five governors asked the Trump administration to waive 2020 biofuel blending requirements, citing a doubling of tradable credit costs and collapsing fuel demand. The Renewable Fuels Association and the National Biodiesel Board pushed back, arguing the waiver standard of severe economic harm is not met.

- Date: 2020-04-17 · published 2020-04-17T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/53527-biofuels-industry-opposes-governors-rfs-request
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A waiver would reduce required ethanol and biodiesel blending, cutting demand for corn and soybean oil. Industry opposition makes a waiver less likely, so the price risk is mainly a sentiment factor for now.

## Read by commodity

- SBO: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-07-05 | [Biofuel industry criticizes EPA’s 2020 RFS levels](https://feedsoft.ai/events/57960-biofuel-industry-criticizes-epa-s-2020-rfs-levels.md) | +1.9% | -4.0% |
| CORN | 2020-03-27 | [Biofuels industry tackling challenges \| 2020-03-27  \| World Grain](https://feedsoft.ai/events/54136-biofuels-industry-tackling-challenges-2020-03-27-world-grain.md) | +3.7% | -4.4% |
| CORN | 2017-12-21 | [Nebraska, Iowa ethanol producers hail opening of Japan’s market, expect sales to top last year’s - Governors' Biofuels Coalition](https://feedsoft.ai/events/67476-nebraska-iowa-ethanol-producers-hail-opening-of-japan-s-market-expect-sales-to.md) | +0.8% | +2.1% |
| CORN | 2019-07-31 | [Biofuels Groups Testify at EPA RFS Hearing \| Energy.AgWired.com](https://feedsoft.ai/events/57959-biofuels-groups-testify-at-epa-rfs-hearing-energy-agwired-com.md) | -5.0% | -9.9% |
| CORN | 2018-11-30 | [RFS levels fail to offer forward advance on biofuels demand](https://feedsoft.ai/events/61902-rfs-levels-fail-to-offer-forward-advance-on-biofuels-demand.md) | +8.0% | +8.5% |
| SBO | 2019-07-05 | [Biofuel industry criticizes EPA’s 2020 RFS levels](https://feedsoft.ai/events/57960-biofuel-industry-criticizes-epa-s-2020-rfs-levels.md) | +0.2% | -1.2% |
| SBO | 2019-09-03 | [Biofuels industry focuses on SREs in 2020 RFS RVO comments \| Biodiesel Magazine](https://feedsoft.ai/events/56939-biofuels-industry-focuses-on-sres-in-2020-rfs-rvo-comments-biodiesel-magazine.md) | -1.3% | +1.2% |
| SBO | 2021-11-16 | [Biofuels industry seeks certainty, stability](https://feedsoft.ai/events/15434-biofuels-industry-seeks-certainty-stability.md) | +0.9% | -5.2% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/agribusiness-news/biofuel-industry-opposes-governors-rfs-request

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