EPA Administrator Scott Pruitt pledged to meet the November deadline for setting Renewable Volume Obligations under the RFS. The Renewable Fuels Association welcomed the new administration's support for the program.
Reliable and timely RVO setting supports biofuel feedstock demand, which affects soybean oil and corn ethanol co-products. The pledge is a policy signal rather than a new volume change.
After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 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.
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.