Surging crude oil futures have been helping corn futures. Mark Oppold explains what is happening.
Oil and Ethanol Supporters Get Together to Talk RFS
The White House is hoping to play mediator between the oil and ethanol industries as it brought together Wednesday (12/13/17) for a preliminary discussion on the Renewable Fuels Standard. Refiners say they can’t afford the RFS compliance costs. The biofuels industry insists it has to have the mandates in the RFS to keep expanding and growing biofuels. Senators Chuck Grassley, …
Can Corn and Oil Live Together?
Oil-state Republican legislators met with President Trump on Thursday to discuss the Renewable Fuels Standard. They left with a directive from the president to figure out a compromise that would work out for both the oil and renewable fuels industries. Politico says Oklahoma Senator Jim Inhofe was one of the lawmakers who met with Trump. “The president wants us to …