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EPA issued its final rule on 2020 RFS percentage standards and the 2021 biomass-based diesel volume, effective April 6, 2020. The volumes are below statutory targets, and the rule includes new pathways and regulatory flexibilities.
The rule sets biofuel demand for soybean oil feedstock below statutory targets, so the price support is steady rather than expanding. Regulated parties gain flexibilities that could ease compliance costs.
lawbc.comLynn L BergesonFeb 7, 2020After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
