Prices for current-year ethanol Renewable Identification Numbers fell to their lowest level 

since 2015 on Tuesday after President Donald Trump and US senators from agriculture a

nd oil refining states reached an agreement on possible reforms to the US biofuel mandate. 

S&P Global Platts assessed D6 current-year ethanol RINs 4.5 cents lower at 30 cents/RIN, 

their lowest level since Platts assessed them at that level on September 15, 2015. 

Trump met with Agriculture Secretary Sonny Perdue, Environmental Protection Agency head 

Scott Pruitt and four Republican senators -- Ted Cruz of Texas, Pat Toomey of Pennsylvania, 

and Joni Ernst and Chuck Grassley of Iowa -- to discuss reforms to the Renewable Fuel 

Standard. 

"After  several  meetings  and  input  from stakeholders on both sides, President Trump is 

pleased to announce that a final decision has been made that allows E15 to be sold year-

round, while providing relief to refiners," White House spokeswoman Lindsay Walters said 

in a statement. 

"This outcome will protect our hardworking farmers and refinery workers. The president is 

satisfied with the attention and care that all parties devoted to this issue," said Walters. 

RINs initially dropped in reaction to tweets from Cruz and Grassley noting the possibility that 

they could be issued on exported ethanol, which would increase the number of RINs availabl

e. Ethanol RINs for 2018 traded as low as 25 cents/RIN Tuesday.