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Ag and renewable fuel groups criticized EPA's 2019 proposal for failing to address oil refinery hardship waivers, which they say removed about 1.6 billion gallons of required volume. POET and ASA said the waived gallons should be reallocated, and EPA has until November 30 to finalize the targets.
Uncertainty over whether waived volumes will be reallocated keeps the biofuel demand outlook unclear, which tempers expected price support for corn and soybean oil.
brownfieldagnews.comJun 27, 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 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
