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A guest columnist writes that EPA should stop granting small refinery exemptions under the RFS and urges firmer support for the program. He cites 48 retroactive exemptions for 2016 and 2017 and says Iowa's biodiesel and soybean sectors want more certainty.
Biofuel policy uncertainty affects soybean oil demand and crush margins, which in turn influence soybean meal supply. Exemption decisions remain a source of price risk for both.
thegazette.comGrant Kimberley, guest columnistSep 9, 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.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
