# White House Holds Meetings to Discuss RFS, Biodiesel - American Soybean Association

> The White House held multiple meetings with USDA and biodiesel companies on the RFS after anti-RFS interests requested changes. Senator Ted Cruz proposed a hard cap on RIN prices, which the American Soybean Association and biodiesel groups oppose.

- Date: 2018-03-08 · published 2018-03-08T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/65894-white-house-holds-meetings-to-discuss-rfs-biodiesel-american-soybean-association
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A RIN price cap would reduce biodiesel margins and blending demand for soybean oil, which is bearish for soyoil and supports a weaker soybean crush outlook.

## 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 | 2017-11-16 | [Issue Update: Biodiesel Tax Credit, RFS and Trade Case - American Soybean Association](https://feedsoft.ai/events/67845-issue-update-biodiesel-tax-credit-rfs-and-trade-case-american-soybean.md) | -2.0% | -5.0% |
| SBO | 2017-11-30 | [RFS Volumes Again Fail to Capture Biodiesel’s Potential - American Soybean Association](https://feedsoft.ai/events/67841-rfs-volumes-again-fail-to-capture-biodiesel-s-potential-american-soybean.md) | -2.5% | -4.3% |
| SBO | 2017-07-05 | [ASA: RFS Volumes a Missed Opportunity for Biodiesel - American Soybean Association](https://feedsoft.ai/events/69850-asa-rfs-volumes-a-missed-opportunity-for-biodiesel-american-soybean-association.md) | +1.8% | +2.2% |
| SBO | 2017-09-28 | [EPA Solicits Comments on Potential Cuts to Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68821-epa-solicits-comments-on-potential-cuts-to-biodiesel-rfs-volumes-american.md) | -0.1% | +3.8% |
| 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 | 2017-09-28 | [EPA Solicits Comments on Potential Cuts to Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68821-epa-solicits-comments-on-potential-cuts-to-biodiesel-rfs-volumes-american.md) | -0.8% | +1.0% |
| SOY | 2024-09-06 | [Advocating for Soy Biomass-Based Diesel in California - American Soybean Association](https://feedsoft.ai/events/15183-advocating-for-soy-biomass-based-diesel-in-california-american-soybean.md) | -1.7% | +3.7% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/white-house-holds-meetings-discuss-rfs-biodiesel/

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