Rumored RFS Deal Won’t Happen
In the first week of March, there were rumors that Carl Icahn, the owner of CVR Refining and unpaid advisor to President Donald Trump, had reached a deal to get an executive order to change up the Renewable Fuel Standard. The rumored deal would shift the burden of meeting the standards of ethanol blends from the petroleum companies to the retailers across the nation. And started up a frenzy in the corn and soybean markets, two large biofuel providers.