The final 2019 Required Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS) are being reviewed by the Office of Management and Budget (OMB). The statute requires that the volumes be published by 30 November. The EPA submitted its draft of the final rule to OMB on 31 October and published its proposed volumes for 2019 on 26 June.
The final rule is not expected to differ much from the proposal, which sets the combined volume of biofuel at 0.88 percent of total over-the-road fuel (including gasoline and diesel) compared with 10.67 percent for 2018. The conventional ethanol volume was maintained at the statutory maximum of 15 billion gallons. All of the 590-million-gallon increase proposed in the overall RVO was provided under...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
