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Ethanol and biodiesel groups responded to EPA's proposed 2019 renewable volume obligations, with the ethanol sector saying the 15 billion gallon conventional target is undermined by waivers and small refinery exemptions. Biodiesel groups welcomed the planned growth in biodiesel volumes after two flat years.
Industry skepticism about waivers suggests actual ethanol blending may fall short of the headline target, limiting corn demand support, while biodiesel growth remains supportive for soyoil.
brownfieldagnews.comMark DorenkampJun 26, 2018After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 842 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.
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.
