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Biofuel groups and Nebraska Governor Pete Ricketts urged EPA at an August 1 hearing to raise cellulosic ethanol and biodiesel requirements under the RFS. Renewable Fuels Association CEO Bob Dinneen said cellulosic output could jump next year as plants add fiber conversion technology.
Ricketts said cutting advanced biofuel requirements sends the wrong signal to investors.
The push for higher renewable volume obligations supports corn ethanol and soybean oil demand if EPA adopts it. EPA's final decision has not been made, so the current effect is limited to expectations.
brownfieldagnews.comAug 1, 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
