
EPA released final 2018 Renewable Volume Obligations on November 30, 2017, with 15 billion gallons for conventional biofuel, 4.29 billion gallons of advanced biofuel, and 19.29 billion gallons total. The rule adds 50 million gallons of cellulosic biofuel and keeps the 2.1 billion gallon biomass-based diesel requirement.
Stable corn ethanol volumes support corn demand, while the unchanged biodiesel mandate keeps soybean oil demand from biofuels flat rather than growing.
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.
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.