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The EPA published a proposed rule setting 2019 Renewable Fuel Standard percentage requirements for cellulosic, advanced, and total renewable fuel, and a 2020 biomass-based diesel volume. The agency relies on statutory waiver authority to propose volumes below statutory targets for cellulosic, advanced, and total renewable fuel.
Higher biofuel blending mandates support demand for soybean oil and corn ethanol feedstocks, though waivers that reduce required volumes weaken that support and temper the price impact.
federalregister.govJun 26, 2018After 841 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 317 past bullish policy events, CORN moved a median -0.1% over 5 sessions (49% higher; middle half -1.4% to +1.5%), and -0.2% 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.
