# EPA Action Would Break President’s Promises on Protecting the RFS - American Soybean Association

> The American Soybean Association said EPA's notice of data availability signals possible reductions to RFS volumes, including volumes finalized a year earlier. It cited about 1.9 billion gallons of US biodiesel production in 2016 and 1 billion gallons of imports. The group said EPA's proposed 2.1 billion gallon 2019 level is below industry capacity.

- Date: 2017-10-05 · published 2017-10-05T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/68340-epa-action-would-break-president-s-promises-on-protecting-the-rfs-american
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Potential cuts below the proposed 2.1 billion gallon biomass-based diesel level would reduce soybean oil demand, which is bearish for that product. Industry capacity above the proposed level means the price effect depends on the final rule.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-01-13 | [12 American Soybean Association representatives testify at EPA public hearing on RFS](https://feedsoft.ai/events/15343-12-american-soybean-association-representatives-testify-at-epa-public-hearing.md) | -1.6% | -9.4% |
| SBO | 2017-09-28 | [EPA Solicits Comments on Potential Cuts to Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68821-epa-solicits-comments-on-potential-cuts-to-biodiesel-rfs-volumes-american.md) | -0.1% | +3.8% |
| SBO | 2019-12-19 | [EPA Issues Final 2020-21 RFS Rule - American Soybean Association](https://feedsoft.ai/events/55451-epa-issues-final-2020-21-rfs-rule-american-soybean-association.md) | +2.8% | -0.2% |
| SBO | 2023-02-17 | [American Soybean Association tells EPA to affirm its commitment to a strong RFS](https://feedsoft.ai/events/15329-american-soybean-association-tells-epa-to-affirm-its-commitment-to-a-strong-rfs.md) | +0.9% | -6.3% |
| SBO | 2020-07-01 | [ASA to EPA: Approving Gap SRE Waivers Would Deal ‘Devastating Blow to Soybean Farmers’ - American Soybean Association](https://feedsoft.ai/events/51966-asa-to-epa-approving-gap-sre-waivers-would-deal-devastating-blow-to-soybean.md) | +1.7% | +6.0% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/epa-action-break-presidents-promises-protecting-rfs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.