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Louisiana and Alabama governors have petitioned EPA to partially waive 2027 Renewable Fuel Standard blending requirements, citing high fuel prices and economic harm. Biofuel groups, soybean growers and corn interests are opposing the request.
A partial RFS waiver would cut biofuel blending demand for corn ethanol and soybean oil, weakening crush margins and corn and soybean demand, which is bearish for those feedstocks and their co-products.
agribusinesswire.comOlivia HartNov 11, 2026After 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.
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.
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.
