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As RINs reach their highest levels since 2013, where does the market go from here?

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Listen: As RINs reach their highest levels since 2013, where does the market go from here?

Josh Pedrick, S&P Global Platts managing editor for Americas biofuels pricing, and Corey Lavinsky, adviser for biofuels analytics, discuss the recent surge in prices for renewable identification numbers and trends to watch.

High prices in corn and soybean oil futures, key feedstocks for US biofuel producers, have supported the market even as policy uncertainty leaves questions about how much biofuel refiners and importers need to blend into gasoline and diesel.

The discussion also looks at the supply and demand fundamentals and when the market might hear news from Washington.