Key Takeaways:
The EPA has proposed reallocating 770 million RINs associated with Small Refinery Exemptions (SREs), either splitting the volume equally between 2026 and 2027 or assigning the full amount to 2027. The agency granted exemptions covering 1.76 billion RINs for 2025, substantially exceeding its original projection of 990 million RINs. Combined with previously accounted-for volumes, the proposal would bring total reallocation to approximately 1.46 billion RINs, or 83 percent of all exemptions granted, leaving 297 million RINs still not allocated. The timing of the additional obligations could influence RIN prices and biofuel demand, although the decision to reallocate the additional volumes is likely more consequential than which...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
Regional News European grocery stores have been targeted by cybersecurity attacks this week, with major retailers in France and the Netherlands affected. In France, major grocers, including Carrefour, Intermarché, and Coopérative U, all suffered attacks in which freezer and...
Russian Grain Markets: 5–9 October 2026 During the week in review Russian grain market remained relatively stable. The market finally realized that Black Sea trade may not resume soon so most of the trade calculations were done in the direction of Baltic Sea, Caspian Sea, Barents Sea and...
