# EPA Lowers Proposed Volume Standards for RFS | Farm Bureau Intel Markets | American Farm Bureau Federation

> The EPA's July 5 proposal sets 2018 total renewable fuel at 19.24 billion gallons, down 40 million from 2017, with advanced biofuel and cellulosic volumes also reduced. Biomass-based diesel is held at 2.1 billion gallons for 2018 and 2019, while 15 billion gallons of conventional corn ethanol is left unchanged.

- Date: 2017-07-06 · published 2017-07-06T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/69849-epa-lowers-proposed-volume-standards-for-rfs-farm-bureau-intel-markets-american
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Holding biomass-based diesel flat and trimming advanced volumes limits incremental soybean oil feedstock demand, while unchanged conventional ethanol keeps corn grind demand steady.

## Read by commodity

- SBO: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-01-31 | [EPA Proposes Renewable Fuel Standards for 2023, 2024 and 2025 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15340-epa-proposes-renewable-fuel-standards-for-2023-2024-and-2025-farm-bureau-intel.md) | -3.9% | -2.6% |
| SBO | 2023-06-30 | [Renewable Fuel Standard Final Rule – 2023, 2024, 2025: Increases Short of Expectations \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15301-renewable-fuel-standard-final-rule-2023-2024-2025-increases-short-of.md) | +7.8% | +12.3% |
| SBO | 2019-07-08 | [EPA’s Proposed Biofuels Volumes a Big Miss for Soybean Farmers - American Soybean Association](https://feedsoft.ai/events/57956-epa-s-proposed-biofuels-volumes-a-big-miss-for-soybean-farmers-american-soybean.md) | +2.4% | +2.7% |
| SBO | 2019-08-28 | [ASA Submits Comments on RFS Proposed Volumes for 2020/2021 - American Soybean Association](https://feedsoft.ai/events/57446-asa-submits-comments-on-rfs-proposed-volumes-for-2020-2021-american-soybean.md) | +2.8% | +3.7% |
| SBO | 2019-08-05 | [Soy Growers to EPA: Raise 2020 RFS and 2021 Biodiesel Volumes - American Soybean Association](https://feedsoft.ai/events/57449-soy-growers-to-epa-raise-2020-rfs-and-2021-biodiesel-volumes-american-soybean.md) | +4.7% | +1.6% |
| CORN | 2023-01-31 | [EPA Proposes Renewable Fuel Standards for 2023, 2024 and 2025 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15340-epa-proposes-renewable-fuel-standards-for-2023-2024-and-2025-farm-bureau-intel.md) | +1.3% | -4.0% |
| CORN | 2026-05-05 | [EPA Sets Record Renewable Fuel Volumes for 2026-2027 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15025-epa-sets-record-renewable-fuel-volumes-for-2026-2027-farm-bureau-intel-markets.md) | -0.3% | -2.7% |
| CORN | 2017-04-24 | [The Disappearing Farm Bill Safety Net \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/71482-the-disappearing-farm-bill-safety-net-farm-bureau-intel-markets-american-farm.md) | +0.8% | +4.0% |

## Sources

- fb.org: https://www.fb.org/intel/markets/epa-lowers-proposed-volume-standards-for-rfs

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