
EPA Administrator Andrew Wheeler told a House committee that the agency would soon announce a Renewable Fuel Standard proposal to calm RIN markets. He said EPA was responding to a Tenth Circuit ruling on hardship waivers for small refineries.
A forthcoming RFS proposal could change blending obligations and biofuel feedstock demand, making it a potential driver for corn and soybean oil prices.
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.
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.