US biofuel organizations urged the EPA to restore 770 million renewable fuel compliance credits affected by small-refinery exemptions. The EPA had granted full or partial 2025 exemptions to 29 refineries, totaling about 1.76 billion credits versus 990 million initially projected, and was considering reallocating the difference across 2026 and 2027.
If the additional obligations are not restored, demand for corn-based ethanol and soybean-oil-based biodiesel could be reduced, weighing on feedstock prices; reallocation would help preserve mandated demand.
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.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), 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.