Soybean oil rose sharply on Tuesday after the EPA confirmed it will propose reallocating 100% of biofuel volumes exempted for small refineries in 2025 to the 2026 and 2027 blending obligations. Energy markets also gained, with heating oil and natural gas rising strongly.
Reallocating exempted RVOs keeps US biofuel demand for soybean oil intact, supporting domestic crush margins and soyoil prices. The energy rally adds further upward pressure on the oil complex.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.