# Renewing or Refining the RFS | O&E Online

> Andrew Wheeler, the acting EPA administrator, testified before the Senate Environment and Public Works Committee on August 1 and addressed the Renewable Fuel Standard and small refinery hardship exemptions. The EPA had issued 48 such waivers to refineries, a number that has grown under the Trump administration.

- Date: 2018-09-21 · published 2018-09-21T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/62919-renewing-or-refining-the-rfs-o-and-e-online
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Refinery exemptions reduce the volume of biofuel blending required, which weakens demand for soybean oil and corn-based ethanol. Continued waiver use is bearish for those feedstock prices.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-12-01 | [Soy stumbles on Argentine selling, soyoil selloff – The Seam](https://feedsoft.ai/events/9753-soy-stumbles-on-argentine-selling-soyoil-selloff-the-seam.md) | -9.7% | -10.5% |
| SBO | 2024-12-04 | [RBD soybean oil basis falls as refiners adjust to falling demand - The Jacobsen](https://feedsoft.ai/events/27053-rbd-soybean-oil-basis-falls-as-refiners-adjust-to-falling-demand-the-jacobsen.md) | +2.9% | -0.0% |
| SBO | 2024-05-27 | [The Road Ahead: Renewable Diesel & SAF](https://feedsoft.ai/events/30342-the-road-ahead-renewable-diesel-and-saf.md) | +1.7% | +2.0% |
| SBO | 2023-06-21 | [NOPA Responds to EPA's Final Rule on RFS Renewable Volume Obligations (RVOs) for 2023-2025 - NOPA](https://feedsoft.ai/events/15300-nopa-responds-to-epa-s-final-rule-on-rfs-renewable-volume-obligations-rvos-for.md) | -0.5% | +5.8% |
| SBO | 2020-04-22 | [The 2020 Renewable Fuel Standard (RFS): COVID-19 Impacts  - EveryCRSReport.com](https://feedsoft.ai/events/53525-the-2020-renewable-fuel-standard-rfs-covid-19-impacts-everycrsreport-com.md) | -0.2% | +6.9% |
| CORN | 2022-12-01 | [Soy stumbles on Argentine selling, soyoil selloff – The Seam](https://feedsoft.ai/events/9753-soy-stumbles-on-argentine-selling-soyoil-selloff-the-seam.md) | -3.3% | +1.9% |
| CORN | 2020-04-22 | [The 2020 Renewable Fuel Standard (RFS): COVID-19 Impacts  - EveryCRSReport.com](https://feedsoft.ai/events/53525-the-2020-renewable-fuel-standard-rfs-covid-19-impacts-everycrsreport-com.md) | -1.2% | +1.6% |
| CORN | 2017-02-28 | [Trump to shift biofuel blending burden off U.S. refiners: sources](https://feedsoft.ai/events/72360-trump-to-shift-biofuel-blending-burden-off-u-s-refiners-sources.md) | +0.9% | -1.1% |

## Sources

- oilandenergyonline.com: https://oilandenergyonline.com/articles/all/renewing-or-refining-rfs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.