# Inhofe offers amendment to cap RIN prices, issues letter to EPA | Biodiesel Magazine

> Senator Inhofe offered an amendment to cap RIN prices and sent a letter to EPA on the issue. The article text is limited to the headline and byline.

- Date: 2020-03-05 · published 2020-03-05T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/54009-inhofe-offers-amendment-to-cap-rin-prices-issues-letter-to-epa-biodiesel
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A RIN price cap would reduce the value of biofuel credits and could weaken the economics of biofuel blending, which is mildly bearish for soybean oil and corn demand.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-04 | [China intervenes to manage commodity prices \| Reuters](https://feedsoft.ai/events/45860-china-intervenes-to-manage-commodity-prices-reuters.md) | -1.0% | -3.1% |
| CORN | 2024-06-07 | [China's Pig Prices Rebound in 2024 Due to Market Recovery and Government Intervention](https://feedsoft.ai/events/29749-china-s-pig-prices-rebound-in-2024-due-to-market-recovery-and-government.md) | +5.6% | -4.9% |
| CORN | 2026-06-24 | [China Urges Pig Breeders to Cut Capacity After Prices Fall to 10-Year Low](https://feedsoft.ai/events/18778-china-urges-pig-breeders-to-cut-capacity-after-prices-fall-to-10-year-low.md) | -2.3% | +5.6% |
| CORN | 2021-09-22 | [EXCLUSIVE: EXCLUSIVE Biden administration mulls big cuts to biofuel mandates in win for oil industry -document \| Reuters](https://feedsoft.ai/events/44932-exclusive-exclusive-biden-administration-mulls-big-cuts-to-biofuel-mandates-in.md) | +1.6% | +2.0% |
| CORN | 2017-09-29 | [Chinese pig prices rise as Beijing shutters polluting farms](https://feedsoft.ai/events/68941-chinese-pig-prices-rise-as-beijing-shutters-polluting-farms.md) | +3.1% | +2.4% |
| SBO | 2026-10-01 | [Rising biodiesel imports cap US soybean oil prices](https://feedsoft.ai/events/17543-rising-biodiesel-imports-cap-us-soybean-oil-prices.md) | +1.8% | +3.3% |
| SBO | 2017-05-09 | [Congress urged to extend biodiesel blenders’ tax credit - Biofuels International Magazine](https://feedsoft.ai/events/70874-congress-urged-to-extend-biodiesel-blenders-tax-credit-biofuels-international.md) | +0.9% | -4.1% |
| SBO | 2023-06-21 | [EPA Biodiesel Blending Mandate Causes Soybean Oil Futures Price Drop](https://feedsoft.ai/events/15303-epa-biodiesel-blending-mandate-causes-soybean-oil-futures-price-drop.md) | -0.5% | +5.8% |

## Sources

- biodieselmagazine.com: https://biodieselmagazine.com/articles/inhofe-offers-amendment-to-cap-rin-prices-issues-letter-to-epa-16962

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