w1891 - 8/12/2024 12:04
Pump the brakes very hard on the RD nameplate capacity. They are not using soybean oil in CA or TX and most likely not in LA. Those are tax play conversions of crude oil plants. Way way overestimation of what soybean crush will be.
Edit:spelling
Someone isn’t following the rules.. gonna get slapped.
https://www.reuters.com/business/energy/us-epa-says-it-is-auditing-biofuel-producers-used-cooking-oil-supply-2024-08-07/Aug 7 (Reuters) - The U.S. Environmental Protection Agency has launched investigations into the supply chains of at least two renewable fuel producers amid industry concerns that some may be using fraudulent feedstocks for biodiesel to secure lucrative government subsidies. EPA spokesperson Jeffrey Landis told Reuters that the agency has launched audits over the past year, but declined to identify the companies targeted because the investigations are ongoing.
Not for long.. and they’ll be paying a fine for doing this. | 
Lower Stocks Corn $4.20 and Wheat $5.70.. Soybeans.. not so much.. still $10.80.
