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EPA Administrator Andrew Wheeler issued a proposed Renewable Fuel Standard rule setting 2020 renewable volume obligations and the 2021 biomass-based diesel volume. Conventional volumes stay at 15 billion gallons and advanced biofuel volumes rise to 5.04 billion gallons.
Conventional corn ethanol volume held flat and minimal advanced biofuel growth limit new demand for corn and soybean oil, keeping feedstock prices under little upward pressure.
epa.govUS EPA,OAJul 5, 2019After 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.
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.
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.
