# President Trump Delivers on a Key Promise to American Farmers as EPA, USDA Announce Agreement on Promoting Biofuels | US EPA

> On October 4, 2019, the EPA and USDA announced an agreement with the White House on the Renewable Fuel Standard. It commits the agencies to a supplemental proposal that adjusts how the 2020 renewable volume standards and 2021 biomass-based diesel volume are calculated, including how small refinery exemptions are projected. The agencies said the deal supports domestic ethanol and biodiesel output.

- Date: 2019-10-04 · published 2019-10-04T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/56438-president-trump-delivers-on-a-key-promise-to-american-farmers-as-epa-usda
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The deal is intended to restore biofuel demand that small refinery waivers had reduced, which supports corn grind for ethanol and soybean oil use in biodiesel and therefore underpins prices for those crops.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-26 | ['Astonishing': Trump EPA backs down on biofuel waivers in blow to U.S. refiners](https://feedsoft.ai/events/54007-astonishing-trump-epa-backs-down-on-biofuel-waivers-in-blow-to-u-s-refiners.md) | +3.9% | -3.7% |
| CORN | 2020-11-23 | [Farm, biofuel leaders file motion to hold EPA accountable on improper 2016 waiver](https://feedsoft.ai/events/50023-farm-biofuel-leaders-file-motion-to-hold-epa-accountable-on-improper-2016-waiver.md) | -1.2% | -3.2% |
| CORN | 2022-05-11 | [Biofuels industry pressing for long-term certainty in future announcements \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15393-biofuels-industry-pressing-for-long-term-certainty-in-future-announcements-agri.md) | +2.4% | -0.3% |
| CORN | 2022-05-20 | [EPA agrees on 2023 biofuel target timeline \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/15391-epa-agrees-on-2023-biofuel-target-timeline-an-official-publication-of-michigan.md) | -1.3% | -1.3% |
| CORN | 2017-06-19 | [US corn ethanol producers to tap into overseas demand - Governors' Biofuels Coalition](https://feedsoft.ai/events/70503-us-corn-ethanol-producers-to-tap-into-overseas-demand-governors-biofuels.md) | -5.4% | -1.7% |
| SBO | 2025-11-12 | [NOPA and ASA Urge President Trump to Finalize Biofuel Policies Supporting U.S. Farmers, Processors, and Domestic Energy - NOPA](https://feedsoft.ai/events/15073-nopa-and-asa-urge-president-trump-to-finalize-biofuel-policies-supporting-u-s.md) | +2.1% | +0.7% |
| SBO | 2018-09-25 | [NBB, ASA Ask President Trump to Support Biodiesel Producers, Soy Farmers - Fuels Market News](https://feedsoft.ai/events/62922-nbb-asa-ask-president-trump-to-support-biodiesel-producers-soy-farmers-fuels.md) | +2.7% | +3.1% |
| SBO | 2026-06-22 | [EPA Focuses the RFS on American Farmers - Clean Fuels Alliance America](https://feedsoft.ai/events/15016-epa-focuses-the-rfs-on-american-farmers-clean-fuels-alliance-america.md) | +1.6% | +7.3% |

## Sources

- epa.gov: https://www.epa.gov/newsreleases/president-trump-delivers-key-promise-american-farmers-epa-usda-announce-agreement

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