NEW YORK (Reuters) - U.S. biofuel credits on Thursday fell more than 10% ahead of a meeting between President Donald Trump and senators to discuss biofuels policy, traders said.
Renewable fuel (D6) credits for 2019 traded at 22 cents apiece, down from 24.75 cents each on Wednesday, traders said.
The meeting will include Louisiana Senator Bill Cassidy and other lawmakers representing oil-heavy states. It will likely focus on demands of the oil industry as Big Oil and Big Corn clash over biofuel blending mandates.
