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POET's Vital publication argues the RFS remains necessary a decade after its expansion, citing more than 19 billion gallons of renewable fuel output and about 400,000 jobs. It says critics attack the policy as based on faulty fuel demand projections.
It is an opinion piece defending the RFS, so it signals continued support for corn ethanol and soybean biodiesel demand but does not change supply or price directly.
vitalbypoet.comPeter HarrimanJan 29, 2018After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
