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A legal analysis notes that the Renewable Fuel Standard requires blending of biofuels and allows EPA to waive mandates if market conditions are an obstacle. Uncertainty over the program's future persists under the new administration's review of EPA regulations.
The waiver provision and continued mandates keep biofuel demand for corn and vegetable oil supported in the near term. Political uncertainty over the program's future adds risk to longer-term feedstock demand.
jdsupra.comJun 22, 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.
