The Environmental Protection Agency announced today that EPA administrator Stephen Johnson will hold a press conference at noon (central) tomorrow to announce his agency's decision on the State of Texas' request to reduce the nationwide Renewable Fuel Standard (RFS).
The decision was first expected in July, Johnson put off the decision in order give it more thought.
Originally, the thinking was he would wait until after next Tuesday's crop production report to make the call. Also interesting is that the announcement is coming at high noon -- while the corn markets are still open. Usually announcements that could have an important market impact are made before markets open or after they close.
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