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Governors of Alabama, Arkansas, Louisiana, Mississippi and Texas are petitioning the EPA to waive all 2027 Renewable Fuel Standard compliance requirements for petroleum refiners in their states, arguing it would lower fuel prices. The American Soybean Association and Growth Energy oppose the requests, warning they would strike a major blow to domestic soybean markets and rural economies.
Waiving RFS blending obligations would cut demand for biofuel feedstocks such as soybean oil and corn-based ethanol, which is bearish for those markets and for the crush and DDGS value chain. If granted, the waivers would reduce renewable fuel demand and weigh on soybean oil prices.
michiganfarmnews.comJon Adamy, Farm News MediaNov 11, 2026After 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.
Not enough comparable past events yet for a historical read.
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.
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.
