Loading…
The EPA has sent its proposed Renewable Fuel Standard volume obligations for 2018 and the 2019 biomass-based diesel volume to the White House Office of Management and Budget. The OMB review is expected to take up to 90 days, with a final rule due November 30.
Sending the proposal to OMB moves the biofuel mandate closer to publication, which affects corn ethanol and soybean oil demand. The proposal's numbers are not yet public, so the price impact is limited for now.
iowaagribusinessradionetwork.comMay 15, 2017After 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.
After 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.
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.
