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Senator Chuck Grassley joined a bipartisan group of senators urging EPA to raise 2020 biomass-based diesel and 2019 advanced biofuel volumes in the final RFS rule. The June proposal sets 2.43 billion gallons and 4.88 billion gallons respectively.
The senators also asked EPA to account for expected small refinery exemptions.
Congressional pressure for higher biodiesel volumes supports soybean oil demand if EPA adopts it in the final rule. The outcome depends on how EPA treats exemptions.
grassley.senate.govAug 23, 2018
murray.senate.govjamesAug 23, 2018After 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.
