Memuat…
EPA announced final decisions on 31 small refinery exemptions and 6 denials under the Renewable Fuel Standard. The agency also signaled deregulatory steps for natural gas, flexible fuel vehicles and E85, and an expedited atrazine reregistration for corn.
Granting refinery exemptions removes biofuel blending demand, which is bearish for soybean oil and corn-based ethanol feedstock demand and pressures soy and corn prices.
epa.govUS EPA,OA9 Agu 2019Setelah 351 peristiwa kebijakan bearish sebelumnya, Minyak Kedelai bergerak median -0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -1,7% sampai +1,8%), dan -0,2% selama 20 sesi.
Setelah 310 peristiwa kebijakan bearish sebelumnya, Jagung bergerak median +0,3% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +1,9%), dan +0,6% 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.
EPA's Aug 9 decisions on 31 small refinery exemptions signaled biofuel policy changes that shift expected biodiesel feedstock demand, which is directly relevant to soybean oil prices in the final days of the window.
EPA's small refinery exemption decisions and biofuel announcements (dated Aug 9, but likely reflecting news flow around the move) bear directly on biodiesel demand for soybean oil; timing is slightly after the move, so confidence is moderate.
