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The EPA published a Federal Register notice with supplemental data on production, imports and costs of renewable fuel. It seeks comment on possible reductions to the 2018 advanced biofuel and total renewable volumes and the 2019 biomass-based diesel volume under the RFS.
Comments are due October 19, 2017.
Possible cuts to biomass-based diesel and advanced biofuel mandates would reduce demand for soybean oil and other feedstocks, which is bearish for vegetable oil prices. The outcome remained uncertain at the time of publication.
thefederalregister.orgEnvironmental Protection AgencyOct 4, 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.
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.
