Talks to Continue on Renewable Fuel Standard

The White House says talks will continue on a dispute over the future of the renewable fuel standard, which has pitted lawmakers from corn-producing states against those representing refineries.

White House spokeswoman Sarah Huckabee Sanders says President Donald Trump had a productive meeting Tuesday with four Republican senators: Ted Cruz of Texas, Pat Toomey of Pennsylvania and Charles Grassley and Joni Ernst of Iowa.

The White House says Trump has made clear his commitment to the RFS and support for farmers and energy workers.

The standard requires biofuels from corn and soybeans to be blended into gasoline and diesel. Midwest states have sought to maintain the standards while oil companies have pushed to ease the mandates.

Grassley says in a conference call with reporters that no deal was reached Tuesday.

Perdue emphasizes his RFS support

Ag Secretary Sonny Perdue reaffirmed administration support for the Renewable Fuel Standard. Farmers, especially corn growers, were concerned about talk that prices might be capped on Renewable Identification Numbers, or RINs, diminishing the effectiveness of the Renewable Fuel Standard. Perdue was greeted warmly by the Commodity Classic crowd.

“I have not and will not support any policies in this country that diminish the demand, undermine RFS and are harmful to our agricultural producers,” Perdue told the audience, who responded with sustained applause. “I will not.”

Secretary Perdue’s comments were made, however, with no direct reference to RINs. Kansas corn grower Ken McCauley told Brownfield that his and other growers’ concerns may have made their way to the Secretary before Wednesday’s appearance.

“I think they found out real quick that farmers do understand and how important the RINs are to the RFS,” McCauley told Brownfield Ag News following Perdue’s address.

Perdue told reporters following his talk that he’s open to further education on the RIN connection to ethanol demand, but added, “I fail to understand how the collaboration or the connection between RIN prices and demand and RVO volume work together.”

Source: Morning Ag Clips, AgriMarketing

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