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Alabama Governor Kay Ivey and Louisiana Governor Jeff Landry asked EPA Administrator Lee Zeldin for a narrow, temporary partial waiver from 2027 renewable fuel blending obligations, arguing the mandate raises pump prices. Reports differ on the coalition, with some describing a two-state request and others naming Mississippi, Arkansas and Texas as well.
Ethanol groups have pushed back against the request.
If EPA grants a waiver, lower mandated blending would reduce demand for ethanol, corn and soybean oil feedstocks, pressuring prices. The request is still only a proposal, so the market impact is currently limited to sentiment.
hoodline.comDerek BellamyNov 12, 2026Not 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.
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.
