Loading…
The EPA said it will develop a response to a January court ruling that struck down three refinery biofuel waivers, deferring the decision until the appeal concludes. The agency also postponed the winter-gasoline sales deadline for fuel terminals from May 1 to May 20.
Uncertainty over biofuel waivers weighs on ethanol and biodiesel margins, reducing demand for corn and soybean oil used in fuel production.
politico.comRYAN MCCRIMMONMar 30, 2020After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
