
Nebraska ethanol and farm officials welcomed EPA's 2018 Renewable Volume Obligations and 2019 biomass-based diesel volumes. The American Soybean Association said the action did not go far enough.
Industry approval of conventional biofuel levels supports steady corn ethanol demand, while soybean groups' opposition signals limited biodiesel growth for soybean oil.
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.
After 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.
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.