Prices of U.S. biofuels blending credits hit fresh five-year lows on Monday as expectations mounted the administration of U.S. President Donald Trump would soon announce plans for an overhaul of the biofuels program, traders said. FILE PHOTO – A biodiesel vehicle is seen at Dogpatch Biofuels filling station in San Francisco, California January 8, 2015. REUTERS/Robert Galbraith The announcement, which could come as early as Monday, will include plans to count ethanol exports toward federal biofuels usage quotas under the U.S. Renewable Fuel Standard and allow the year-round sale of fuels with a higher blend of ethanol, two sources briefed on the matter said. Prices of renewable fuel Renewable Identification Number (RIN) credits fell to 18 cents a piece, under pressure from the expectations, traders said. That was down from 22 cents apiece on Friday, plumbing fresh five-year lows. White House spokeswoman Kelly Love did not […]