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Gro reports that the EPA plans to issue more Renewable Fuel Standard waivers, after the administration granted more than two dozen in the past two months. Small refineries below 75,000 barrels per day can be exempted from blending obligations.
The article describes the controversy within the Trump administration over the waivers.
More waivers reduce required ethanol and biodiesel blending, which lowers demand for corn used in ethanol and for soybean oil. The result is downward pressure on those prices.
gro-intelligence.comMay 14, 2018After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), 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.
