# RINs part of a political battle of renewable fuels – Ohio Ag Net | Ohio's Country Journal

> Ohio Ag Net explains Renewable Identification Numbers and the political fight between oil refiners and renewable fuel backers over RIN costs. It notes Senator Cruz proposed a 10-cent RIN price cap versus prices above 70 cents, after RINs reached 90 cents in November.

- Date: 2018-01-18 · published 2018-01-18T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/66864-rins-part-of-a-political-battle-of-renewable-fuels-ohio-ag-net-ohio-s-country
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

High RIN costs raise blending economics for biofuels and influence how much soybean oil and corn-based ethanol is pulled into the market, making RIN policy relevant to vegetable oil and corn demand.

## Read by commodity

- SBO: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-12-14 | [A Look at the 2018 Renewable Fuel Standards - NATSO](https://feedsoft.ai/events/67353-a-look-at-the-2018-renewable-fuel-standards-natso.md) | -0.5% | -0.5% |
| SBO | 2018-03-15 | [News, Notices and Announcements for the Renewable Fuel Standard \| US EPA](https://feedsoft.ai/events/65893-news-notices-and-announcements-for-the-renewable-fuel-standard-us-epa.md) | +1.9% | -0.5% |
| SBO | 2019-04-05 | [The Unintended Consequences of the Renewable Fuel Standard \| RealClearEnergy](https://feedsoft.ai/events/59466-the-unintended-consequences-of-the-renewable-fuel-standard-realclearenergy.md) | -0.8% | -7.3% |
| SBO | 2018-04-26 | [Winners and losers from the proposed ban on palm oil - Renewable Carbon News](https://feedsoft.ai/events/65525-winners-and-losers-from-the-proposed-ban-on-palm-oil-renewable-carbon-news.md) | -1.4% | +3.0% |
| SBO | 2020-08-25 | [Biden hits Trump over Renewable Fuel Standard delays, waivers \| 2020-08-25  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/51488-biden-hits-trump-over-renewable-fuel-standard-delays-waivers-2020-08-25-agri.md) | +4.1% | +6.3% |
| CORN | 2023-09-07 | [USMCA panel requested over biotech corn dispute – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/34077-usmca-panel-requested-over-biotech-corn-dispute-ohio-ag-net-ohio-s-country.md) | -1.2% | -6.8% |
| CORN | 2021-08-06 | [Funding for river system improvements is moving forward – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/45467-funding-for-river-system-improvements-is-moving-forward-ohio-ag-net-ohio-s.md) | +0.3% | -5.6% |
| CORN | 2017-12-14 | [A Look at the 2018 Renewable Fuel Standards - NATSO](https://feedsoft.ai/events/67353-a-look-at-the-2018-renewable-fuel-standards-natso.md) | +2.3% | +2.4% |

## Sources

- ocj.com: https://ocj.com/2018/01/rins-part-of-a-political-battle-of-renewable-fuels/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.