Loading…
Renewable Fuels Association chief Geoff Cooper says EPA Administrator Andrew Wheeler indicated the agency could slow small refinery exemptions because RIN prices are low. There are 39 pending exemption petitions awaiting decision.
Cooper notes compliance costs have dipped to seven-year lows, so few refiners should qualify.
Fewer exemptions would keep biofuel mandated demand higher, supporting soybean oil and corn ethanol demand.
brownfieldagnews.comMark DorenkampApr 17, 2019After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
