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EPA's proposed 2019 RVO includes an advanced biofuel target about 600 million gallons above 2018, with conventional held at 15 billion gallons. The proposal does not reallocate gallons lost to refinery waivers, and initial industry reaction was mixed.
Unreallocated waiver losses of about 1.6 billion gallons reduce expected biofuel demand, so the headline volume increases may not translate into firm feedstock price support.
agri-pulse.comSteve DaviesJun 26, 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.
After 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.
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.
