# Ag Secretary Sees RFS Volumes, RIN Prices as Separate Discussions

> Agriculture Secretary Sonny Perdue told farmers at Commodity Classic that he fully supports the Renewable Fuel Standard and will not back policies that diminish corn demand. He spoke amid reports of a White House discussion on changing RIN mandates.

- Date: 2018-02-28 · published 2018-02-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/66365-ag-secretary-sees-rfs-volumes-rin-prices-as-separate-discussions
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Perdue's firm backing reduces the risk of RFS cuts that would weaken corn and soybean oil demand, though uncertainty over RIN policy keeps some risk in biofuel-linked feedstock prices.

## Read by commodity

- SBO: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-03-23 | [Diammonium Phosphate Prices Growing Twice in the US as Russia Implies Export Restrictions](https://feedsoft.ai/events/42572-diammonium-phosphate-prices-growing-twice-in-the-us-as-russia-implies-export.md) | +1.2% | +9.9% |
| CORN | 2023-02-14 | [Secretary Naig Calls on EPA to Accelerate Biofuel Growth and Protect Congressional Intent in Final RFS Rule \| Iowa Department of Agriculture and Land Stewardship](https://feedsoft.ai/events/15331-secretary-naig-calls-on-epa-to-accelerate-biofuel-growth-and-protect.md) | -0.8% | -5.8% |
| CORN | 2021-02-25 | [China living up to trade deal promises, Biden's agriculture secretary says](https://feedsoft.ai/events/48474-china-living-up-to-trade-deal-promises-biden-s-agriculture-secretary-says.md) | -1.1% | +5.0% |
| CORN | 2018-02-23 | [EPA finalizes 2018 RFS volumes, 2019 biomass diesel volumes - BIC Magazine](https://feedsoft.ai/events/66364-epa-finalizes-2018-rfs-volumes-2019-biomass-diesel-volumes-bic-magazine.md) | +1.9% | +2.9% |
| CORN | 2019-03-14 | [EPA Proposes RFS RIN Reforms Along with E15 - American Soybean Association](https://feedsoft.ai/events/59975-epa-proposes-rfs-rin-reforms-along-with-e15-american-soybean-association.md) | +4.2% | -0.8% |
| SBO | 2017-05-15 | [EPA sends RFS volume obligations proposal to OMB - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/70872-epa-sends-rfs-volume-obligations-proposal-to-omb-iowa-agribusiness-radio-network.md) | +1.3% | -2.1% |
| SBO | 2020-04-16 | [NBB opposes petition to waive RFS volumes](https://feedsoft.ai/events/53534-nbb-opposes-petition-to-waive-rfs-volumes.md) | -3.7% | -3.5% |
| SBO | 2017-11-16 | [Biodiesel Industry Board Asks for Higher RFS Volumes](https://feedsoft.ai/events/67846-biodiesel-industry-board-asks-for-higher-rfs-volumes.md) | -2.0% | -5.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2018/02/28/ag-secretary-sees-rfs-volumes-rin-2

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