Billy Ray Louis Winthorpe (IV)

@OilandGibbs x.com/cornwheat1/sta…

🌶️🌶️🌶️- we still stand behind delay on half RIN until 2027 at the earliest. But so much for a quiet 🦃week. __________ EPA Slams Reuters Report on Imported Biofuel Incentives EPA’s frustration with outside reporting was on full display when asked about a Reuters article suggesting the administration is considering delaying proposed cuts to incentives for imported biofuels — a key piece of EPA’s June proposal that was intended to prioritize domestic production. Reuters reported refiners had pushed the administration to dial back or postpone the shift, prompting widespread speculation that EPA might be reversing course. The deputy administrator forcefully rejects that narrative. “What I can say now is that there are a lot of rumors and speculation about what we might or might not do,” he says. “We can’t prejudge the outcome of where we’re going. We’re still looking at all of the public comments.” He made it clear the agency views the Reuters report as misleading and potentially harmful to agricultural markets. “It’s very frustrating, frankly, when a news agency like Reuters comes out and spreads rumors and innuendo about where we may or may not be going,” he says. “They do it in a way that actually moves markets and causes commodity prices to be affected before we’ve even made a decision.” profarmer.com/news/agricultu…

@OilandGibbs @JarrettRenshaw Reuters has a PhD in spreading fake RVO news. Its well documented over the last few years.

@JarrettRenshaw with the update. "Trump administration may delay biofuel import credit cuts as refiners balk" Are folks finally listening?! Remember you can still raise the D4 mandate to 8.8B from 7.1B proposed IF this is the case, which is our preferred, constructive view. reuters.com/sustainability…

@EduardoVanin4 @Skudd37201 Fake news. Cofco or sino didn't ask for us offers.

@Skudd37201 Sino asked US today again. Cofco can sell through Geneva desk US origin. We never know till they want us know.

Ocean freight guys said there's a big push today from the major players to secure vessels for end-July / early-August loading. It’s probably for Argentina since traders have registered 8 million tons so far but have only shipped a fraction of that. The soybean flow to China is expected to remain solid.

@EduardoVanin4 Seems a bit premature. Given how compressed sam cx margins are

Premiums of SBO in SAM hit almost 2 years low. The flat price remains very low. DM me if you would like to receive daily updates

@OilandGibbs We are not even close at current price levels.

@OilandGibbs Good stuff. Senate version just sets up price levels where you can arb out foreign feedstock at punchy crush margins

Our Senate tax bill breakdown is out. This still awaits a full Senate vote and House approval. Includes blow to SAF 2026+, w/ 40B concession through September. 2031 extension -✅ Indirect land use penalties removed - ✅ 20% discount for foreign feedstocks - 🟨 Transferability preserved - ✅ SAF multiplier ($1.75/gal vs. $1) cut 2026-31 - 🟥 40B (SAF) extended through 9/25 - ✅ 🔗blinks.bloomberg.com/news/stories/s… #OOTT #EFT #OATT

Bigger story than RVO? Drop in RINs/gal. RD falls from 1.7→1.6, imports ~1.15–1.25. Means more SBO gallons needed = bullish. SREs? Irrelevant-20% 2025 covered via carryover. Focus now is Q4 ramp to meet tighter 2026 RVOs. AEO still outdated

@JarrettRenshaw @StephanieKellyM You guys reported fake RVO news for the second time this year. Zero accountability

The Trump administration is expected to propose lower biodiesel volumes than the 5.25 billion the industry had sought, sources tell me and @StephanieKellyM

@kannbwx x.com/JarrettRenshaw… why was this headline leaked yesterday by reuters and at whose behest? Are you all a bunch of dishonest hacks ?

U.S. EPA headlines from Friday morning:

@OilandGibbs @KimChipman1 Correct url is here : reginfo.gov/public/do/eoRe…

The #RVO countdown is on! Credit to @KimChipman1 OMB link - reginfo.gov/public/do/eoRe…

@chrisboettcher9 Avg European does more sports than your 5 gen combined

Europeans: • Rarely hit the gym • Drink wine with dinner • Eat pasta & bread every day But are leaner, healthier and live longer than Americans. How? These 6 deadly features of American life explain everything: 🧵

@ottoscholl @Mark07881653630 @GrainsGorilla @kannbwx A rally based on aforementioned arguments rarely happens in the next three months. #seasonals

@Mark07881653630 @GrainsGorilla @kannbwx Below COP and replacement value.

🌽Safe to say funds sold a bit more CBOT #corn than expected this past week, about 99k fut&opt contracts on the net. That means as of May 13, money managers held a net short of 85k contracts, their first bearish corn view since late October.

@livermore007 @DBcooperN467US No

@DBcooperN467US 3.5-4mlnT of oils and fats from Canada ready to solve things. And some funky uco trading from China to usa via Canada/mexico.

As expected, #soyoil overreaction. Isn’t 4.6 still insanely bullish?? 🤔 1.3B YOY RIN increase = ~820MM gallons renewable fuel demand = 6B lbs feedstock demand. That’s roughly 25% of all US soy oil! Even if blend wall increases to 15 from 10, that will take months to achieve

4.65 bil gallons of BBD is a pretty punchy number if there is a greater incentive to use domestic feedstock pool. It's probably in line with total RD capacity,still very very bullish soybean oil.

x.com/biofuelslaw/st… tictoc MFers

📅 RVO | 📝 Proposed | 📣 Comment | ✅ Final ------|-------------|------------|---------- 2023-25 | 12/01/22 | 71d | 06/21/23 2020-22 | 12/07/21 | 60d | 06/03/22 2020 | 07/05/19 | 30d | 12/19/19 2019 | 06/26/18 | 52d | 11/30/18 It's a multi month process always #SBO #EPA

@ottoscholl I'm sure he has no skin in the game

The one thing I have learned about Twitter and markets is don’t do this unless you want the market all the way up your ass in short order. Beans up 20. Good morning.

@markoinny You won't like the answer when you wake up

Question is how big is the reduction, to 80%, 54%, 34%, 20%, complete pause? A bit odd why they wouldnt tell it before market.

@alifarhat79 @alifarhat79, that's an Islamic name, right?

Indian call centers right now

@EduardoVanin4 Why can't Argentina be smart traders? Why do they always need to drop their pants.

Argentina continues to sell cheap beans. Trades for Aug at +130sn and Brz at +180sn. The discount has been big. As comparision, offers ex USG for Aug at +77sn, or +206sn CFR China.