The Renewable Fuels Association asked the U.S. EPA to deny requests from the governors of Alabama and Louisiana for waivers from 2027 Renewable Fuel Standard blending requirements. The RFA sent its letter on Friday, asking EPA to reject the requests without a public comment docket, and noted that ethanol is selling about a dollar a gallon below gasoline.
If EPA keeps the blending requirements in place, ethanol demand stays supported, which backs corn grind and ethanol prices. A granted waiver would cut required ethanol blending and weigh on corn demand.
After 328 past bullish policy events, Corn moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +1.3%), 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.