
Agri-Pulse reports that the RFS's annual biofuel blending targets end after 2022, leaving EPA to set renewable volume obligations, and that the reset rule for 2020-2022 gives EPA authority to adjust total renewable fuel targets. Biofuel and oil interests are positioning for the post-2022 process.
Uncertainty over post-2022 biofuel mandates adds risk to long-term soybean oil and corn demand for biofuels, which supports a cautious view on those feedstocks.
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.