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The 2017 RFS biofuel volume mandate took effect after a 60-day regulatory freeze expired. The EPA set conventional biofuel at 15.0 billion gallons for 2017 and biomass-based diesel at 2.0 billion gallons, rising to 2.1 billion in 2018.
Finalized mandates provide firm demand for corn-based ethanol and soybean oil used in biodiesel. The certainty supports feedstock prices.
rngcoalition.comGuest UserMar 23, 2017After 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.
