# EPA Issues Final 2020-21 RFS Rule - American Soybean Association

> The American Soybean Association said the EPA's final 2020-21 RFS rule uses a three-year average of DOE-recommended waivers instead of actual EPA waivers. The rule holds 2021 biomass-based diesel volume flat at 2.43 billion gallons, with no growth for biodiesel.

- Date: 2019-12-19 · published 2019-12-19T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/55451-epa-issues-final-2020-21-rfs-rule-american-soybean-association
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Flat biodiesel volumes remove expected growth in soybean oil demand, which is bearish for soy oil prices and soybean crush economics. The rule also underestimates future small refinery exemptions, adding policy uncertainty.

## Read by commodity

- SBO: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| SBO | 2019-08-28 | [ASA Submits Comments on RFS Proposed Volumes for 2020/2021 - American Soybean Association](https://feedsoft.ai/events/57446-asa-submits-comments-on-rfs-proposed-volumes-for-2020-2021-american-soybean.md) | +2.8% | +3.7% |
| SBO | 2023-02-17 | [American Soybean Association tells EPA to affirm its commitment to a strong RFS](https://feedsoft.ai/events/15329-american-soybean-association-tells-epa-to-affirm-its-commitment-to-a-strong-rfs.md) | +0.9% | -6.3% |
| SBO | 2017-11-16 | [Issue Update: Biodiesel Tax Credit, RFS and Trade Case - American Soybean Association](https://feedsoft.ai/events/67845-issue-update-biodiesel-tax-credit-rfs-and-trade-case-american-soybean.md) | -2.0% | -5.0% |
| SBO | 2023-01-13 | [12 American Soybean Association representatives testify at EPA public hearing on RFS](https://feedsoft.ai/events/15343-12-american-soybean-association-representatives-testify-at-epa-public-hearing.md) | -1.6% | -9.4% |
| CORN | 2026-04-09 | [Beyond the Headline RVO - American Soybean Association](https://feedsoft.ai/events/15036-beyond-the-headline-rvo-american-soybean-association.md) | +0.9% | +1.5% |
| CORN | 2019-10-15 | [Supplemental Proposed Rule: It Does Account for SREs…But with a Loophole? - American Soybean Association](https://feedsoft.ai/events/56441-supplemental-proposed-rule-it-does-account-for-sres-but-with-a-loophole.md) | -2.0% | -3.2% |
| CORN | 2020-11-05 | [Economist’s Angle: Where Do Phase One Purchases Stand? - American Soybean Association](https://feedsoft.ai/events/50021-economist-s-angle-where-do-phase-one-purchases-stand-american-soybean.md) | +0.3% | +8.7% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/epa-issues-final-2020-21-rfs-rule/

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