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POET CEO Jeff Broin responded to the EPA's final 2018 Renewable Volume Obligations on November 30, 2017. He said starch-based biofuels remain at full volumes but the rule fails to expand cellulosic and advanced targets.
Full starch-ethanol volumes keep corn demand from ethanol steady, so the price impact is modest and mostly supportive for corn.
poet.comNov 30, 2017After 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.
