# EPA Fulfills Another Trump Administration Promise: Finalizes RFS Volumes for 2020 and Biomass Based Diesel Volumes for 2021 | US EPA

> The EPA finalized the Renewable Fuel Standard rule setting 2020 renewable volumes, keeping a net 15 billion gallons of conventional biofuel blended, and set 2021 biomass-based diesel volumes. The rule also adds small refinery relief adjustments to ensure the volumes are met.

- Date: 2019-12-19 · published 2019-12-19T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/55449-epa-fulfills-another-trump-administration-promise-finalizes-rfs-volumes-for
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A firm 15 billion gallon conventional blending requirement supports ethanol and corn demand. Biomass-based diesel volumes that show no growth for 2021 limit demand for soybean oil, which is bearish for soy crush margins and oil prices.

## Read by commodity

- SBO: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-12 | [Proposed Volumes for 2020 and Biomass-Based Diesel Volume for 2021: Supplemental Notice \| US EPA](https://feedsoft.ai/events/56931-proposed-volumes-for-2020-and-biomass-based-diesel-volume-for-2021-supplemental.md) | +4.8% | +9.0% |
| CORN | 2018-02-23 | [EPA finalizes 2018 RFS volumes, 2019 biomass diesel volumes - BIC Magazine](https://feedsoft.ai/events/66364-epa-finalizes-2018-rfs-volumes-2019-biomass-diesel-volumes-bic-magazine.md) | +1.9% | +2.9% |
| CORN | 2018-06-26 | [Federal Register
       :: 
      Renewable Fuel Standard Program: Standards for 2019 and Biomass-Based Diesel Volume for 2020](https://feedsoft.ai/events/64400-federal-register-renewable-fuel-standard-program-standards-for-2019-and-biomass.md) | -2.3% | -3.5% |
| CORN | 2019-10-28 | [Federal Register
       :: 
      Renewable Fuel Standard Program: Standards for 2020 and Biomass-Based Diesel Volume for 2021, and Response to the Remand of the 2016 Standards; Supplemental Notice of Proposed Rulemaking](https://feedsoft.ai/events/56437-federal-register-renewable-fuel-standard-program-standards-for-2020-and-biomass.md) | -1.3% | -1.5% |
| CORN | 2024-12-06 | [Biofuels Groups Size Up EPA Under Second Trump Administration, Seek RFS Help](https://feedsoft.ai/events/15158-biofuels-groups-size-up-epa-under-second-trump-administration-seek-rfs-help.md) | +2.8% | +6.9% |
| SBO | 2023-01-10 | [Ag Implores EPA to Raise RFS Volumes for Biomass-Based Diesel, Biodiesel](https://feedsoft.ai/events/15337-ag-implores-epa-to-raise-rfs-volumes-for-biomass-based-diesel-biodiesel.md) | -2.0% | -9.6% |
| SBO | 2019-08-01 | [NBB Asks EPA to Raise 2020 RFS and 2021 Biodiesel Volumes - Fuels Market News](https://feedsoft.ai/events/57450-nbb-asks-epa-to-raise-2020-rfs-and-2021-biodiesel-volumes-fuels-market-news.md) | +0.8% | +1.3% |
| SBO | 2019-08-05 | [Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association](https://feedsoft.ai/events/57449-soy-growers-to-epa-raise-2020-rfs-and-2021-biodiesel-volumes-american-soybean.md) | +4.7% | +1.6% |

## Sources

- epa.gov: https://www.epa.gov/newsreleases/epa-fulfills-another-trump-administration-promise-finalizes-rfs-volumes-2020-and

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