The Trump administration seeks to calm farmers’ fears about the escalating trade dispute with China, even as corn and soybean growers hope the crisis will at least quash White House consideration of intervening in the biofuel credit market.

 

Agriculture Secretary Sonny Perdue is expected to join Trump and EPA Administrator Scott Pruitt in a White House meeting Monday about the biofuels market, the first such meeting the president has been involved in since March 1, when he proposed a temporary cap on prices for Renewable Identification Numbers, the credits used to track refiner compliance with the Renewable Fuel Standard.

 

RFS supporters are using farmers’ alarm over the U.S.-China trade dispute to press the president to scrap any further discussion of intervening in the market on the behalf of refiners and instead issue a vapor-pressure waiver that would allow year-round sales of E15.

 

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