Local

ACE Backs Call For CFTC Investigation Of Alleged RINS Manipulation

The American Coalition for Ethanol is backing Senate Ag Chair Debbie Stabenow’s call for a CFTC investigation of RINS manipulation. ACE Executive Vice President Brian Jennings says alleged RINS manipulation by oil companies needs to be investigated and Commodity Futures Trading Commission is the proper way to do it.

Jennings says oil companies have been taking RINS, which are the proof of purchase credit they get when they buy ethanol and blend it into gasoline. They then turn those back to EPA which proves they bought the renewable fuel. He says oil companies have been taking advantage of RINS.

Jennings says lawmakers have been looking at the volatility of the RINS market thinking it means the RFS needs changing when actually it’s manipulation that’s causing unneeded spikes.

Recent Headlines

29 mins ago in Local

South Dakota Hits Jackpot in Gambling Addiction

Fresh
gambling

The personal finance website “Wallet Hub” released an in-depth report on the most gambling-addicted states.

56 mins ago in Local

Map The Meal Gap 2016 Details Hunger in South Dakota

Fresh
food

Feeding South Dakota has released the “Map the Meal Gap 2016,” an annual study completed by Feeding America.

5 hours ago in Agriculture

WRDA Bill Passes Out of Committee

Capitol 2014 2

Last week the Senate Environment and Public Works Committee passed the $9.3 billion Water Resources and Development Act legislation. Waterways…

5 hours ago in Agriculture

MN House Passes Funding Bill

dollar sign approved clipart 1

The Minnesota House has approved an Agriculture, Environment and Jobs bill by a 72 to 54 vote. State Corn Grower’s…

5 hours ago in Agriculture

Nebraska Senator Votes Against WRDA Due to EPA Provision

MI River

The just-passed WRDA Bill in the Senate Environment and Public Works Committee received one no vote. That was from Nebraska…