- A tentative deal to overhaul U.S. biofuels policy reportedly is on the verge of collapse after the Trump administration indefinitely delayed an expected announcement of planned changes, under pressure from corn state lawmakers who worry the move would undermine demand for ethanol.
- The White House had been expected to announce reforms to the U.S. Renewable Fuel Program early this week following months of negotiations, but the administration has struggled to find a balance between oil refiners and Midwest farmers.
- The anticipated White House deal would have eased pressure on the refining industry by allowing biofuels exports to count toward annual volumes quotas and would have expanded sales of high-ethanol gasoline in a concession to biofuels producers.
- Potentially relevant tickers include ADM, PEIX, GPRE, REX, VLO, PBF, ANDV, PSX, MPC, HFC, CVI, CVRR
- ETFs; PBW, QCLN, FUE, PUW, HECO
- Now read: Refiners Printing Money With Brent/WTI Differential
Original article