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DTN reported that the EPA left its June RVO proposal largely unchanged, with overall volumes rising to 19.92 billion gallons for 2019. DTN analyst Todd Hultman said the volumes should have little effect on corn or ethanol prices.
The analyst expects minimal price impact because the percentage blend requirement barely moved. Market reaction to the RFS is likely limited.
dtnpf.comTodd NeeleyNov 30, 2018After 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.
