The US soybean oil futures took a nosedive yesterday following the release of the required volumetric obligation (RVO) release by the US Environmental Protection Agency (EPA). The final mandated amount of fuel to be blended into the nation’s fuel supply has been awaited since the initial release in November and there has been a strong effort from the renewable fuel industry, amongst others, to boost the volume to be more reflective of the capacity growth in place now, and forthcoming, from the renewable diesel sector.

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