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Biodiesel industry officials asked President Trump on November 16, 2017 to raise proposed RFS volumes for advanced and biomass-based diesel ahead of the expected final rule. The EPA had earlier withdrawn a proposed reduction after Midwest lawmaker pressure.
The lobbying signals uncertainty over biofuel demand for soybean oil and corn, but the final rule was not yet known, so the price effect is limited.
dtnpf.comTodd NeeleyNov 16, 2017After 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.
