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Lawmakers are pressing the Trump administration to reject proposed overhauls of the Renewable Fuel Standard. The article restates the program's purpose of boosting biofuel use in gasoline and diesel.
Any change to RFS obligations, such as shifting the point of obligation, would alter biofuel blending demand for corn ethanol and soybean oil. Uncertainty over the outcome weighs on the outlook for those feedstocks.
reuters.comChris PrenticeMar 16, 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, SBO 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.
