Corn, soybean and soybean oil futures dropped and renewable fuels groups were left disappointed after last Friday’s U.S. Supreme Court decision regarding fuel requirements for refiners. The new decision overturned a 2020 ruling that limited the EPA from issuing more waivers which can give refiners an easier out for federal ethanol and renewable fuel blend requirements. As of June 25th, there were still 70 small refinery exemption petitions pending with the EPA. Analysts worry this will open the door for more requests for exemptions and a decrease in renewable fuels. Get the full ruling breakdown.