
Louisiana and Alabama have asked the EPA to partially waive 2027 Renewable Fuel Standard blending requirements, citing high fuel prices. Farm and biofuel groups oppose the request, warning that reducing the requirements would hurt agricultural markets and rural economies.
A waiver could reduce mandated demand for biofuels and the crops used to produce them, weighing on soybean oil and corn demand. The price impact depends on whether the EPA grants the states’ request.
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.
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 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
Not enough comparable past events yet for a historical read.
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.