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EPA finalized Renewable Fuel Standard levels that keep conventional ethanol at 15 billion gallons and set advanced biodiesel at 4.29 billion gallons for 2018 and 2019. Iowa's governor criticized the lack of a biodiesel increase.
Flat biodiesel volumes cap soybean oil demand growth from biofuel, while steady ethanol mandates keep corn demand firm.
insidesources.comEthan StoetzerDec 3, 2017After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), 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.
