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Acting EPA Administrator Andrew Wheeler, visiting the Iowa State Fair, pledged more certainty on the Renewable Fuel Standard and other agricultural issues. He met closed-door with ag groups and renewable fuel leaders and said the administration wants to implement the RFS within the law.
Biofuel supporters said small-refinery exemptions have cut demand by reallocating volumes away from producers.
Stable, higher RFS volume obligations support ethanol and biodiesel demand for corn and soybean oil, which underpins feedstock prices. Continued exemptions weaken that demand and add uncertainty to crush and ethanol margins.
farmprogress.comAug 27, 2018After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
