Biofuel groups backed the EPA's proposal to reallocate about 770 million RINs from exempted small refineries to the 2026 and 2027 compliance years. The support was voiced at an EPA hearing on November 4, where groups argued that farmers face hardship while refiners are profitable.
Reallocating exempted RIN volumes keeps required ethanol and biodiesel blending on track, supporting corn grind and vegetable oil demand. Clearer RFS volumes reduce uncertainty for feedstock prices.
After 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.