Loading…
The EPA finalized increases in renewable fuel volume requirements across all biofuel categories under the Renewable Fuel Standard for 2017, with biomass-based diesel set for 2018. Conventional renewable fuel reaches the 15 billion-gallon congressional target, and cellulosic biofuel grows 35 percent over 2016.
Higher mandated biodiesel and advanced biofuel volumes lift demand for soybean oil and palm oil as feedstocks, supporting vegetable oil prices and crush margins that also boost soybean meal supply.
epa.govUS EPA,OA,OEAEE,OMRNov 23, 2016After 841 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 317 past bullish policy events, CORN moved a median -0.1% over 5 sessions (49% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 547 past bullish policy events, PALMOIL 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.
