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Stock impact report

US renewable fuel credits rally to multi-month highs despite Trump reelection [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
to comply with mandates and higher prices for soyoil, surprising traders who expected Donald Trump's reelection as U.S. president to weigh on the market. Rising prices for the credits, also called Renewable Identification Numbers (RINs), are welcome news for biofuel producers who depend on them to make up for high output costs. However, they also worsen the pain for petroleum refiners whose profit margins have slumped sharply this year due to oversupply and weak demand. Prices for both the D4 RINs, issued to biomass-based diesel producers, and the D6 RINs, issued to ethanol suppliers, rose as high as 79 cents each on Friday, traders said. Those are the highest levels since January, according to LSEG data. The U.S. government mandates mixing of low-carbon fuels in the country's transportation fuel mix, and issues RINs to companies supplying them. Refiners who do not meet their targets can buy RINs from others or risk fines. Trump's victory in this week's U.S. elections had le Show less Read more
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