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The EPA published its final Renewable Fuel Standard rule setting 2018 renewable volume obligations and the 2019 biomass-based diesel volume. The rule keeps conventional biofuel at 15 billion gallons, adds advanced and cellulosic volumes, and holds biomass-based diesel at 2.1 billion gallons.
Biomass-based diesel volumes below industry requests limit soybean oil demand growth from biodiesel, which weighs on soybean oil and supports meal supply without a biofuel-driven premium.
federalregister.govDec 12, 2017After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 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.
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.
