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Trump administration's actions costing Middle America Dearly.. on Tariffs and Rin Waivers
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farmer4321
Posted 7/1/2018 06:22 (#6843636 - in reply to #6842987)
Subject: RE: Why do you insist on denying the reality of the situation?


A waiver effectively removes any penalty for not blending ethanol. When the government grants waivers on 15% of the ethanol requirement they effectively reduce the ethanol market by 15%. In the economics of agricultural commodities, we know that a 1% change in production or a 1% change in demand can have very substantial changes in price, easily on the order of 10%.
And besides, it's still early for any estimate of either the corn or soybean crop.
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