1. Something unusual happened to a key indicator of operational efficiency in the U.S. ethanol industry in 2025. See my latest FDD for all the details: https://t.co/ehKyQvEQGp
This is consistent with all the chatter about the RVOs lately. Darling Ingredients CEO last week gave a range for BBD RVO of 5.25 - 5.6 billion physical gallons. Appears that half-RIN is dead and the compromise...