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The EPA will hold a public hearing on its Renewable Fuel Standard volume obligations on August 1 in Washington, D.C. The agency will take public comment on the proposed 2018 RVOs and the 2019 biomass-based diesel RVO, which the proposal keeps at 2.1 billion gallons.
The hearing is a procedural step before the final rule, so it is unlikely to move prices by itself, though any changes to the proposal could affect soyoil and corn ethanol demand.
iowaagribusinessradionetwork.comStaff EditorJul 18, 2017After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
