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The White House Office of Management and Budget is reviewing EPA's final rule setting 2019 Renewable Fuel Standard volume obligations. The review is a procedural step before the rule is published.
Final RFS volumes set the biomass-based diesel demand that pulls soybean oil into biofuel use, so the rule's terms can shift soyoil prices.
biodieselmagazine.comOct 31, 2018After 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.
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.
