NEWS
Fri May 17, 2013 12:49 PM CDT

STREATOR, Ill. (DTN) -- CME Group on Thursday announced in a news release the first Ethanol Renewable Identification Number futures contract was cleared Thursday over CME ClearPort. The trade was brokered by StarFuels Inc.

RINs are the credits used by refiners, blenders and importers to show compliance with the annual volume mandates under the Renewable Fuel Standard. CME said RINs futures provide a useful hedge for the price risk associated with the RFS.

D6 renewable fuel RINs are primarily for corn-based ethanol. Other RIN contracts are available for biomass-based diesel D4, and advanced biofuel D5.

RINs futures were launched on ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a community of Arkansas farmers have successfully banded togethe...
  • Market News AgriClear is not an auction, but an online digital sales floor where buyers and sellers negotiate...
  • UAS Research Takes Off Key members of the House and Senate last week praised the Federal Aviation Administration for sel...
  • "Total Market Isn't Dead" Used equipment inventories are escalating.
  • Rain, Rain, Go Away Waterlogged and flooded fields in much of the Midwest are putting corn and soybean fields at risk...
  • Feds to Examine Biotech Rules In a memo to USDA, FDA and EPA, the White House stated that a review of biotech regulations was n...
  • Evolution of Farm Kid Jobs DTN Staff Reporter Russ Quinn reflects on the farm activities of his youth that his children will...
  • IARC: Possible 2,4-D Cancer Link The International Agency for Research on Cancer has classified the herbicide 2,4-D as possibly ca...
  • Ask the Vet How do I know what minerals my cows need and how much?