Best summary yet!

@OPISBiofuelsn is reporting that D6 RINs jumped 17 cents this morning. Apparently not too worried about the extra supply of RINs for 2023 and 2024.

🌽With #pftour25 now in the books, here's a look at the state-level corn yields measured by tour scouts versus both what they found last year and on average over the last three years.

🫛Summary of soybean pod counts by state from #pftour25. Indiana was down vs last year's tour, but everything else was higher. Huge improvements in the western belt this year versus last year and the 3yr tour average. The pods still need cooperative weather to reach potential.

Big news day!

Pro Farmer U.S. crop yield estimates: 🌽Corn 182.7 bu/acre 🫛Soybeans 53 bu/acre For reference, 2025 estimates: USDA August: 188.8 / 53.6 2024 estimates: USDA August: 183.1 / 53.2 Pro Farmer August: 181.1 / 54.9 USDA Final: 179.3 / 50.7

I am seeing a lot of market commentary that today's SRE decisions somehow imply that SREs will be reallocated to larger refiners. Not a word mentioning reallocation that I can find in the document. Where is this coming from?

Regarding reallocation - only mentioned in the press release: epa.gov/newsreleases/e… Supplemental rule = potential delays to Oct. 31 final RVO target 2026-27 RVO finalization = most important inflection point especially with questions on 50% RIN and potential 2025 deficit

Found the source of the reallocation discussion in EPA press release. epa.gov/newsreleases/e…

I just posted commentary on Friday's EPA decision on SREs over on my blog site: scotthirwin.com/2025/08/25/sre…. There is a lot to digest.

Of which 8 I have never heard of