Loading…
The EPA published a supplemental proposed rule on October 28, 2019, revising the percentage standards for 2020 under the Renewable Fuel Standard. It also proposes the biomass-based diesel volume for 2021 and responds to a court remand of the 2016 standards.
The proposal projects 2020 small refinery exemptions using a three-year average of Department of Energy recommended relief.
Higher or more secure biofuel mandates raise demand for corn-based ethanol and soybean oil for biodiesel, which supports those prices and reduces the feedstock available for feed meal.
federalregister.govOct 28, 2019After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 842 past bullish policy events, SBO 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.
