FUE - RIN prices rise to highest on record - Reuters
U.S. renewable fuel credits soared today to the highest since at least 2013, Reuters reports, lifted by soybean oil trading at its priciest since 2008.Traders say renewable fuel D6 credits for 2021 traded at $1.50 each, up from $1.44 in the previous session, and biomass-based D4 credits traded at $1.58 each, up from $1.52 previously.The RINs rose at the same time the U.S. Supreme Court was hearing arguments for a case involving the U.S. Renewable Fuel Standard, which requires refiners to blend biofuels into their fuel mix each year or buy RINs from those that do.The justices indicated some skepticism of assertions by small oil refineries that they should be allowed to extend lapsed waivers from mandates that they use biofuels.Potentially relevant tickers include [[ADM]], [[GPRE]], [[GPP]], [[REGI]], [[REX]], [[ANDE]], [[VLO]], [[MPC]], [[PSX]], [[PBF]], [[HFC]], [[CVI]], [[PARR]]ETFs: [[CORN]], [[FUE]], [[CRAK]], [[PXE]]Renewable Energy Group shares have dropped by nearly half since
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RIN prices rise to highest on record - Reuters