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The Clean Air Task Force criticized the final 2019 RFS volumes, arguing that the program favors corn ethanol and soy biodiesel over cellulosic fuels. It noted cellulosic biofuels make up only 2% of the 2019 mandate.
This is an advocacy statement with no direct new policy change, so it has little price effect. It signals ongoing pressure on the RFS that could affect future mandates.
catf.usJonathan LewisNov 30, 2018After 1,419 past policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% 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.
