# Economist Proposes Two RFS Changes to Appease Oil, Ethanol

> University of Illinois economist Scott Irwin proposed two changes to upcoming EPA rulemakings to offset small refinery exemptions from 2016 to 2018. Senators from oil-producing states met White House officials and opposed any volume reallocation, and no deal had been announced.

- Date: 2019-09-20 · published 2019-09-20T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/56936-economist-proposes-two-rfs-changes-to-appease-oil-ethanol
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Uncertainty over whether RFS volumes will be reallocated or raised keeps biofuel feedstock demand unsettled, which matters for soybean oil and corn pricing.

## Read by commodity

- SBO: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-08-26 | [Wheeler didn’t promise RFS action ahead of elections](https://feedsoft.ai/events/51486-wheeler-didn-t-promise-rfs-action-ahead-of-elections.md) | +3.6% | +2.2% |
| SBO | 2020-04-16 | [NBB opposes petition to waive RFS volumes](https://feedsoft.ai/events/53534-nbb-opposes-petition-to-waive-rfs-volumes.md) | -3.7% | -3.5% |
| 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 | 2020-05-15 | [EPA delivers proposed rule to set 2021 RFS RVOs to OMB  \| Biodiesel Magazine](https://feedsoft.ai/events/52995-epa-delivers-proposed-rule-to-set-2021-rfs-rvos-to-omb-biodiesel-magazine.md) | +4.6% | +6.1% |
| SBO | 2017-02-24 | [SEBI allows trading of soya oil in the Exchanges](https://feedsoft.ai/events/72591-sebi-allows-trading-of-soya-oil-in-the-exchanges.md) | +4.8% | +2.8% |
| CORN | 2018-06-26 | [Reaction to EPA's proposed new RFS quotas](https://feedsoft.ai/events/64403-reaction-to-epa-s-proposed-new-rfs-quotas.md) | -2.3% | -3.5% |
| 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% |
| CORN | 2022-01-07 | [The Farmer's Exchange Online Dairy Economist: 2022 Should Be Profitable for Milk Producers](https://feedsoft.ai/events/4074-the-farmer-s-exchange-online-dairy-economist-2022-should-be-profitable-for-milk.md) | +0.7% | +3.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/ethanol-blog/blog-post/2019/09/20/economist-proposes-two-rfs-changes

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