
On October 4, 2019, the EPA and USDA announced an agreement with the White House on the Renewable Fuel Standard. It commits the agencies to a supplemental proposal that adjusts how the 2020 renewable volume standards and 2021 biomass-based diesel volume are calculated, including how small refinery exemptions are projected.
The agencies said the deal supports domestic ethanol and biodiesel output.
The deal is intended to restore biofuel demand that small refinery waivers had reduced, which supports corn grind for ethanol and soybean oil use in biodiesel and therefore underpins prices for those crops.
Setelah 318 peristiwa kebijakan bullish sebelumnya, Jagung bergerak median -0,1% selama 5 sesi (48% lebih tinggi; separuh tengah -1,4% sampai +1,5%), dan -0,2% selama 20 sesi.
Setelah 842 peristiwa kebijakan bullish sebelumnya, Minyak Kedelai bergerak median +0,2% selama 5 sesi (52% lebih tinggi; separuh tengah -1,6% sampai +2,1%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.