
Sources say the Trump administration plans to shift the biofuel blending obligation away from U.S. refiners. The Renewable Fuel Standard requires increasing amounts of biofuel blended into gasoline and diesel.
Moving the blending burden off refiners could change who bears compliance costs and may alter the demand pull for biofuel feedstocks such as soyoil and corn. A reduced obligation would be bearish for biofuel demand and feedstock prices.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.