The ethanol industry is arguing about the impact on corn prices and the farm economy from a reduced RFS. Ethanol on Offensive Before Comment Period Ends In November, EPA proposed reducing the overall required amount of ethanol and biofuel under the renewable fuel standard (RFS) from the scheduled 14.4 billion gallons to 13 billion gallons. This is the first time EPA has put forward such a change since the RFS was implemented in 2005. The deadline for comments closes on 28 January, and to date there have been 14,482 comments submitted. The ethanol industry has been on the offensive during the comment period:
Iowa's Ag Secretary Bill Northey has been speaking to farm groups and visiting gas stations to urge that comments be submitted to...
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...
