# RFS waivers wiped out billion gallons in biofuel demand, Perdue says | 2018-04-25 | Agri-Pulse | Agri-Pulse Communications, Inc.

> Agriculture Secretary Sonny Perdue told the Senate Agriculture Committee that EPA waivers eliminated demand for 1.12 billion gallons of ethanol last year. USDA's estimate matches an analysis by the Renewable Fuels Association. Perdue also said the president wants the RFS volume kept at 15 billion gallons and that a year-round E15 decision is pending.

- Date: 2018-04-25 · published 2018-04-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/65397-rfs-waivers-wiped-out-billion-gallons-in-biofuel-demand-perdue-says-2018-04-25
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Losing over a billion gallons of ethanol demand removes a significant outlet for corn grind, which is bearish for corn. A year-round E15 decision could partly offset that demand loss.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-22 | [Trade tensions, oversupply, and SREs drive biofuel plant shutdowns \| 2019-08-22  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/57584-trade-tensions-oversupply-and-sres-drive-biofuel-plant-shutdowns-2019-08-22.md) | +2.4% | +1.3% |
| CORN | 2019-01-28 | [Farm subsidies to leap on $9.8 billion in trade aid \| 2019-01-28 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61080-farm-subsidies-to-leap-on-9-8-billion-in-trade-aid-2019-01-28-agri-pulse-agri.md) | +0.7% | +0.8% |
| CORN | 2020-05-13 | [Biofuel producers aim to meet volume requirements despite COVID-19 impacts \| 2020-05-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52997-biofuel-producers-aim-to-meet-volume-requirements-despite-covid-19-impacts-2020.md) | -0.3% | +1.5% |
| CORN | 2021-09-22 | [Biofuel blending targets could include big volume cuts  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44935-biofuel-blending-targets-could-include-big-volume-cuts-agri-pulse.md) | +1.6% | +2.0% |
| CORN | 2023-05-31 | [Pesticide, biotech industry meet with still no US action on Mexico  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/35908-pesticide-biotech-industry-meet-with-still-no-us-action-on-mexico-agri-pulse.md) | -1.8% | +0.1% |
| SBO | 2017-07-12 | [Biodiesel producers feel burned by proposed RFS \| 2017-07-11 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/69851-biodiesel-producers-feel-burned-by-proposed-rfs-2017-07-11-agri-pulse-agri.md) | -1.7% | +0.2% |
| SBO | 2026-08-27 | [Bunge, POET, others warn Trump on biofuel exemptions for oil \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15003-bunge-poet-others-warn-trump-on-biofuel-exemptions-for-oil-agri-pulse.md) | +8.0% | +1.3% |
| SBO | 2024-11-09 | [Industry calls for reform to LCFS biofuel guardrails \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15171-industry-calls-for-reform-to-lcfs-biofuel-guardrails-agri-pulse-communications.md) | -1.3% | -8.2% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/10887-rfs-waivers-wiped-out-billion-gallons-in-biofuel-demand-perdue-says

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