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Carl Icahn and Valero are lobbying in Washington for changes to federal biofuel blending mandates. The article discusses the blending wall between gasoline and biofuels under the federal volume requirements.
Changes to renewable fuel volume mandates would alter corn-based ethanol and soybean oil demand, with knock-on effects for DDGS and vegetable oil prices.
oilprice.comJon LeSageMar 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.
Not enough comparable past events yet for a historical read.
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.
