Daily Review 01.09.2026

The biofuel policy supports soybeans, while the tension in the Black Sea and stress on American crops support grain markets.

Soybean oil prices are rising sharply after the EPA announced a full redistribution of 1.76 billion RIN credits, while deteriorating crop conditions in the U.S. and unresolved risks in the Black Sea provide fundamental support for corn and wheat. Agricultural markets started Tuesday, September 1, with a mixed but fundamentally supportive tone. Soybeans and soybean oil are leading the price increase following a favorable decision in U.S. biofuel policy, while corn is consolidating near new contract highs, and wheat remains supported by limited flows through the Black Sea despite improving supply prospects from Australia and the rapidly advancing spring wheat harvest in the U.S. EPA decision turns the pressure on soybean oil The strongest early catalyst comes from U.S. biofuel policy. The EPA approved 18 waivers for small refiners for 2025, 11 more partial waivers, and rejected three, covering 1.76 billion RIN credits, but the key decision was that 100% of the difference between the ...