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The EPA's final Renewable Fuel Standard rule for 2019 and biomass-based diesel volume for 2020 was published in the Federal Register on December 11, 2018. The rule sets the 2019 total advanced biofuel obligation and the 2020 biomass-based diesel volume, and takes effect February 11, 2019.
Required biomass-based diesel volumes create firm demand for soybean oil and other feedstocks, which supports soybean oil prices and the crush margin that produces soybean meal.
federalregister.govDec 11, 2018After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
