# Trump's Iowa Visit Jolts Biofuel Credits as Waivers May Decline - Bloomberg

> Renewable Identification Number prices have risen more than 40% since June 10 as the market reacts to President Trump's Iowa visit. Traders are weighing the possibility that biofuel waivers may decline. Trump thanked the administration for year-round higher ethanol blend sales.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/58477-trump-s-iowa-visit-jolts-biofuel-credits-as-waivers-may-decline-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher RIN prices raise the cost of compliance for refiners and signal stronger expected biofuel blending, which supports corn and soybean oil demand.

## 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 | 2019-06-12 | [Trump touts ethanol victory, but Iowans say waivers undermine gains](https://feedsoft.ai/events/58481-trump-touts-ethanol-victory-but-iowans-say-waivers-undermine-gains.md) | +3.7% | +1.8% |
| CORN | 2019-08-23 | [Trump Administration May Consider Reallocating Biofuels Gallons Lost to Small-Refinery Waivers](https://feedsoft.ai/events/57448-trump-administration-may-consider-reallocating-biofuels-gallons-lost-to-small.md) | +1.8% | +1.4% |
| CORN | 2016-11-23 | [Big Corn beats Big Oil as U.S. hikes 2017 biofuel targets \| Reuters](https://feedsoft.ai/events/73745-big-corn-beats-big-oil-as-u-s-hikes-2017-biofuel-targets-reuters.md) | -3.8% | -1.5% |
| CORN | 2024-08-05 | [US Sen. Marshall leads letter calling for domestic feedstocks only in 45Z biofuel tax credit](https://feedsoft.ai/events/15194-us-sen-marshall-leads-letter-calling-for-domestic-feedstocks-only-in-45z.md) | -1.7% | -1.5% |
| SBO | 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) | -2.2% | -3.9% |
| SBO | 2025-06-13 | [Soybean Oil Surges With Trump Plan to Boost US Biofuel Quotas - Bloomberg](https://feedsoft.ai/events/5338-soybean-oil-surges-with-trump-plan-to-boost-us-biofuel-quotas-bloomberg.md) | +10.1% | +8.6% |
| SBO | 2019-08-23 | [Trump Administration May Consider Reallocating Biofuels Gallons Lost to Small-Refinery Waivers](https://feedsoft.ai/events/57448-trump-administration-may-consider-reallocating-biofuels-gallons-lost-to-small.md) | -0.6% | +2.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-06-20/trump-s-iowa-visit-jolts-biofuel-credits-as-waivers-may-decline

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