# Supplemental Proposed Rule: It Does Account for SREs…But with a Loophole? - American Soybean Association

> The American Soybean Association said on October 15, 2019 that the EPA's supplemental proposal estimates future small refinery exemptions but does not use a three-year rolling average of volumes actually waived. Instead it relies on Department of Energy forecasts. The group warns this leaves a loophole that could let waivers keep eroding renewable volumes.

- Date: 2019-10-15 · published 2019-10-15T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/56441-supplemental-proposed-rule-it-does-account-for-sres-but-with-a-loophole
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

If the Department of Energy forecasts understate waivers, biofuel demand for soybean oil and corn would fall short of what the policy intends, which would weigh on those prices.

## Read by commodity

- SBO: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-03-14 | [EPA Proposes RFS RIN Reforms Along with E15 - American Soybean Association](https://feedsoft.ai/events/59975-epa-proposes-rfs-rin-reforms-along-with-e15-american-soybean-association.md) | -1.4% | -2.1% |
| SBO | 2024-01-11 | [California’s Proposed Changes to Fuels Program Presents Mixed Bag for Soybeans - American Soybean Association](https://feedsoft.ai/events/15247-california-s-proposed-changes-to-fuels-program-presents-mixed-bag-for-soybeans.md) | +0.4% | -4.6% |
| SBO | 2019-01-24 | [Soy Leaders ‘Engage’ with Biodiesel Industry - American Soybean Association](https://feedsoft.ai/events/60969-soy-leaders-engage-with-biodiesel-industry-american-soybean-association.md) | +3.5% | +3.8% |
| SBO | 2017-06-22 | [Soybean Industry Supports Biodiesel Industry on Capitol Hill - American Soybean Association](https://feedsoft.ai/events/70357-soybean-industry-supports-biodiesel-industry-on-capitol-hill-american-soybean.md) | +0.8% | +6.7% |
| SBO | 2017-12-19 | [10 Years of Biodiesel in the RFS - American Soybean Association](https://feedsoft.ai/events/67351-10-years-of-biodiesel-in-the-rfs-american-soybean-association.md) | +0.5% | -2.4% |
| CORN | 2019-12-19 | [EPA Issues Final 2020-21 RFS Rule - American Soybean Association](https://feedsoft.ai/events/55451-epa-issues-final-2020-21-rfs-rule-american-soybean-association.md) | +0.5% | +0.7% |
| 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 | 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/supplemental-proposed-rule-it-does-account-for-sresbut-with-a-loophole/

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