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The EPA published its final Renewable Fuel Standard rule setting 2017 annual percentage standards for cellulosic biofuel, biomass-based diesel, advanced biofuel and total renewable fuel, and the 2018 biomass-based diesel volume. The rule was published in the Federal Register on December 12, 2016.
Higher biomass-based diesel and advanced biofuel mandates pull more soybean oil, canola and other fats into biodiesel, supporting vegetable oil and soybean oil prices and feed-related oilseed meal values.
federalregister.govDec 12, 2016After 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.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
