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Senators Grassley and Ernst asked the Trump administration not to appeal a January court ruling limiting small refinery biofuel waivers. As of March 24 the administration had not given an official answer.
The outcome determines whether waiver volumes stay high, which affects the demand for ethanol and soybean oil used in biofuels.
hydrocarbonprocessing.comMar 24, 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.
