President Donald Trump Tuesday moved forward with plans to allow year-round sales of E15 fuel blends. The move met applause from many U.S. biofuels and commodity groups, as year-round E15 has been a goal of the industry. Trump made the announcement at the White House before rushing off to a rally in Council Bluffs, Iowa.
The move, according to biofuels groups, will bring a little bit more certainty into the marketplace for farmers. However, American Fuel and Petrochemical Manufacturers CEO Chet Thompson reportedly told Reuters that “the only certainty from today’s actions are a lawsuit.” Regardless, a small demand bump for corn is likely.
National Corn Growers Association President Lynn Chrisp says corn farmers have advocated for the move because it will “grow demand, provide consumers with more options at the pump and improve economic conditions across rural America.”