Overview
- Speaking in Iowa, President Donald Trump said he is sending legislation to raise the mandatory ethanol blend to 15% and allow E15 sales throughout the year.
- Trump pledged to sign the measure immediately once it reaches his desk and framed the move as support for farmers and rural industry.
- The draft aims to remove seasonal limits on E15 and lift distribution caps in certain regions, according to reporting cited from Bloomberg.
- Trump named House Speaker Mike Johnson and Senator John Thune as leaders working on an agreement that balances interests of farmers, consumers, and refineries.
- Ethanol producers welcomed the push, and observers in Argentina noted potential effects on corn demand as they reassess their own 12% blend policy.