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The National Biodiesel Board testified at an EPA hearing on year-round E15 and RIN compliance reform, urging EPA to stop granting retroactive small refinery exemptions. NBB argued that exemptions undermine the RFS volume signal the industry relies on.
It also recommended that EPA not finalize the RIN reform portion of the proposed rule.
Uncertainty over exemptions and RIN rules affects expected biodiesel demand for soybean oil, a modest bearish factor for soy oil if exemptions continue.
biofuels-news.comBiofuels Int @biofuelsmagApr 1, 2019After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
