# Soy Growers Ask President Trump to Support Renewable Fuel Standard - American Soybean Association

> The American Soybean Association, National Biodiesel Board and National Renderers Association wrote to President Trump urging him to protect the Renewable Fuel Standard. They objected to EPA hardship waivers granted to several profitable refiners for the 2016 and 2017 compliance years. A bipartisan group of 13 senators also wrote to EPA on the issue.

- Date: 2018-04-19 · published 2018-04-19T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/65395-soy-growers-ask-president-trump-to-support-renewable-fuel-standard-american
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Waivers that remove RFS volume obligations reduce biodiesel and ethanol demand, which weighs on soybean oil and corn values. Continued uncertainty over the RFS keeps a risk premium on soyoil.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-08-05 | [Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association](https://feedsoft.ai/events/57449-soy-growers-to-epa-raise-2020-rfs-and-2021-biodiesel-volumes-american-soybean.md) | +4.7% | +1.6% |
| SBO | 2017-10-05 | [EPA Action Would Break President’s Promises on Protecting the RFS - American Soybean Association](https://feedsoft.ai/events/68340-epa-action-would-break-president-s-promises-on-protecting-the-rfs-american.md) | -0.2% | +5.8% |
| SBO | 2023-06-21 | [Soy Growers to EPA: Final RVOs Severely Undercut Rapid Growth, Potential of the Biofuels Industry - American Soybean Association](https://feedsoft.ai/events/15299-soy-growers-to-epa-final-rvos-severely-undercut-rapid-growth-potential-of-the.md) | -0.5% | +5.8% |
| SBO | 2022-12-01 | [No RFS Growth is No Good: Soy Growers Surprised & Let Down by EPA Decision - American Soybean Association](https://feedsoft.ai/events/15351-no-rfs-growth-is-no-good-soy-growers-surprised-and-let-down-by-epa-decision.md) | -9.7% | -10.5% |
| SBO | 2026-10-14 | [Has Biofuel Demand Replaced Export Demand in U.S. Soybean Markets? - American Soybean Association](https://feedsoft.ai/events/506-has-biofuel-demand-replaced-export-demand-in-u-s-soybean-markets-american.md) | +2.4% | — |
| SOY | 2019-08-05 | [Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association](https://feedsoft.ai/events/57449-soy-growers-to-epa-raise-2020-rfs-and-2021-biodiesel-volumes-american-soybean.md) | +2.8% | +0.8% |
| SOY | 2023-06-21 | [Soy Growers to EPA: Final RVOs Severely Undercut Rapid Growth, Potential of the Biofuels Industry - American Soybean Association](https://feedsoft.ai/events/15299-soy-growers-to-epa-final-rvos-severely-undercut-rapid-growth-potential-of-the.md) | +1.2% | +1.0% |
| SOY | 2022-12-01 | [No RFS Growth is No Good: Soy Growers Surprised & Let Down by EPA Decision - American Soybean Association](https://feedsoft.ai/events/15351-no-rfs-growth-is-no-good-soy-growers-surprised-and-let-down-by-epa-decision.md) | +0.2% | +2.7% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/soy-growers-ask-president-trump-support-renewable-fuel-standard/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.