RFS waivers wiped out billion gallons in biofuel demand, Perdue says

After 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.

• Aug 22, 2019Trade tensions, oversupply, and SREs drive biofuel plant shutdowns | 2019-08-22 | Agri-Pulse Communications, Inc.+2.4%
• Jan 28, 2019Farm subsidies to leap on $9.8 billion in trade aid | 2019-01-28 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.7%
• May 13, 2020Biofuel producers aim to meet volume requirements despite COVID-19 impacts | 2020-05-12 | Agri-Pulse Communications, Inc.-0.3%
• Sep 22, 2021Biofuel blending targets could include big volume cuts | Agri-Pulse Communications, Inc.+1.6%
• May 31, 2023Pesticide, biotech industry meet with still no US action on Mexico | Agri-Pulse Communications, Inc.-1.8%

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.

• Jul 12, 2017Biodiesel producers feel burned by proposed RFS | 2017-07-11 | Agri-Pulse | Agri-Pulse Communications, Inc.-1.7%
• Aug 27, 2026Bunge, POET, others warn Trump on biofuel exemptions for oil | Agri-Pulse Communications, Inc.+8.0%
• Nov 9, 2024Industry calls for reform to LCFS biofuel guardrails | Agri-Pulse Communications, Inc.-1.3%
• Dec 19, 2019EPA sticks with RFS reallocation plan over farm country wishes | 2019-12-19 | Agri-Pulse Communications, Inc.+2.8%
• Sep 4, 2024Biofuel groups, fuel retailers fight California’s proposed restrictions | Agri-Pulse Communications, Inc.-2.4%