Seeking Certainty in Biofuels, But Finding Little

Acting EPA Administrator Andrew Wheeler dropped into Iowa this week. Wheeler talked about "certainty" but offered none. Based on the news reports from the Des Moines Register and Cedar Rapids Gazette, Wheeler didn't say EPA was going to back off on small-refinery exemptions, and he said the agency is stilling "looking into" the possibility of E15 year-round. There were still no answers about the biofuel demand lost from EPA's small-refinery exemptions, only Wheeler pointing out the need for more transparency. As DTN has reported, EPA granted more than 2.25 billion gallons of exemptions to the Renewable Fuels Standard for 2016 and 2017, which translates into basically 800 million bushels of lost corn demand.