
The American Soybean Association warned that petitions from several state governors seeking waivers from 2027 Renewable Fuel Standard compliance could weaken U.S. biofuel demand. The association said current RFS obligations have boosted domestic soybean demand and processing investment, and argued that waivers would benefit refiners at agriculture’s expense.
If granted, the waivers could reduce biofuel production and demand for soybean oil, weighing on soybean-crush economics and soybean prices. The impact is conditional on EPA action.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
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.
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.