There is more chaos for the RFS after a Federal Court rules the EPA’s 2016 waiver of ethanol volumes to avoid the 10 percent blend wall was invalid under the statute.As Gary Blumenthal mentioned (see Ag Perspectives, 28 July), the U.S. Court of Appeals decided against the U.S. EPA last Friday regarding how the agency interpreted its waiver authority in setting the Required Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS) for years 2014 through 2017. The 2007 Energy Independence and Security Act (EISA) statute grants the EPA general waiver authority for all four categories of fuel (total, advanced, convention ethanol, and biodiesel) under certain conditions that include:
when enforcing the mandated volumes would cause “se...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
