Soybean Oil Futures Energized by EPA Proposal | Presented by CME Group

[Music] On June 13th, the Environmental Protection Agency released its long-awaited renewable volume obligation proposal for 2026 and 2027 under the renewable fuel standard. The proposal will greatly increase the required volume of biomassbased diesel blended by refiners from 3.35% billion gallons in 2025 to 5.61% 61 billion gallons in 2026 and 2027. The proposal also prioritizes using soybean oil and ethanol produced in the United States and discourages the use of biomass and feed stocks produced outside o ...