Another meeting was held at the White House yesterday regarding year-round approval for E15 as well as other reforms to the Renewable Fuel Standard (RFS). The focus is on approving E15 as a quid pro quo for the EPA’s granting of waivers for small refiners earlier this year, which has alarmed and energized ethanol advocates. Everyone from USDA Secretary Perdue to Growth Energy’s CEO Emily Skor has characterized the waivers as “demand destruction.” There is a caveat, however, from the market perspective. The waivers were applicable to the 2017 compliance year. As U.S. Energy Information Administration (EIA) data shows, demand for ethanol blending has actually increased in 2018 to date.
Ethanol production was 1.78 p...
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...
