The Trump administration granted 14 small-refinery exemptions from the Renewable Fuel Standard for 2021 to 2024, potentially releasing 2.5 billion biofuels credits into the markets.
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DTN Oil Update
PostedCrude futures rose modestly Friday but still ended down for a second straight week.
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Farm Life
Practical Farmers of Iowa has awarded Ruth Rabinowitz of Madison County, Iowa, its 2025 Farmland Legacy Award for her commitment to improving conservation on farmland in Iowa and South Dakota.
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What DTN Is Watching
The government shutdown continues and as a result the report lineup will be quiet on Friday. However, the Senate will hold another vote on Friday in an attempt to pass the funding bill and end the shutdown. Ag traders will continue to rely on basis and spreads for near term supply and demand insights, but may default to chart/technical guidelines to close the week.
WeatherA clipper system is moving through the Great Lakes and Northeast on Friday, producing scattered showers and a few thunderstorms that may develop all the way down to the Gulf of America. The last clipper in this week's train is moving through the Pacific Northwest and will be a potent one as it taps into some very cold air across Canada this weekend.
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