Biofuel markets not likely impacted by Hurricane Harvey

In Texas, despite the horrendous flooding seen across the state due to Hurricane Harvey, experts don’t expect the storm or its damage to impact biofuel prices for the Gulf Coast region. Refineries in the region closed down ahead of the storm, reducing demand for blending stock in the coming days. Exports have slowed in recent months so the storm wasn’t expected to have much impact on loading either. Rail markets could be impacted but expectations were for muted price changes.