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Senator Joni Ernst joined a bipartisan group of 34 other senators asking EPA to increase biomass-based diesel and advanced biofuel volumes in the final RFS rule. They cited EPA's June 2018 proposal of 2.43 billion gallons for 2020 and 4.88 billion gallons for 2019.
They also asked that small refinery exemptions be accounted for.
Support for higher biodiesel volumes would strengthen soybean oil demand if reflected in the final rule. Exemption accounting determines how much of the mandate is actually met.
ernst.senate.govAug 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.
