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The governors of Louisiana and Alabama asked EPA to partly waive Renewable Fuel Standard blending levels for 2027, citing high fuel prices. Farm and biofuel groups pushed back, warning that the waivers would harm agricultural markets and rural economies.
Lower mandated blending would reduce demand for soybean oil and ethanol, which weighs on soy and corn prices. The price impact depends on whether EPA grants any waiver.
farmpolicynews.illinois.eduRyan HanrahanNov 12, 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 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.
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.
