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The EPA and the US government reached a settlement with PES Holdings and affiliates, which filed for bankruptcy in January 2018, over their Clean Air Act Renewable Fuel Standard obligations. The settlement covers the Philadelphia refineries' RFS compliance.
The settlement resolves RFS compliance liabilities for a major East Coast refiner, which has limited direct effect on biofuel feedstock demand or grain prices.
epa.govUS EPA,OECAMar 12, 2018After 1,419 past policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% 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.
