Last week the Environmental Protection Agency released the proposed Renewable Fuel Standard volumes for 2026 and 2027. The increased volume of biomass-based diesel compared to recent years sent the price of soybean oil limit-up with a $3.00 increase on Friday followed by a $4.50 increase on Monday with expanded limits.
Greg McBride, a commodity broker with Allendale, says the entire soybean complex was given a boost by the news from EPA.
He says the rumored volumes before the announcement were considerably lower than what EPA published on Friday.
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