
The EPA published a proposed rule in the Federal Register setting 2020 renewable fuel percentage standards and a 2021 biomass-based diesel volume. The action relies on statutory waiver authority because projected cellulosic biofuel production is below statutory volumes.
Biofuel blending mandates drive demand for corn ethanol and soybean oil used in biodiesel, so the proposed volumes shape feedstock prices for soybean oil and corn.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.