EPA released its 2022 proposed required volume obligations (RVO) under the RFS along with the retroactive 2021 volumes and an adjustment to the 2020 volumes.
EPA is also proposing to add a 250-million-gallon “supplemental obligation” to the volumes proposed for 2022 and stated its intent to add another 250 million gallons in 2023. This would address the remand of the 2014-2016 annual rule by the DC Circuit Court of Appeals in Americans for Clean Energy v. EPA. As WPI wrote on 15 June: That extra 500 million gallons is an issue that continues to hang over EPA as it tries to balance out the 2022 RVO with the realities of the market. Effectively, that would make the conventional obligation 15.25 billion gallons for...
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
The election is over – for the most part. Counting is still underway in some states, including Alaska, where a ranked-choice voting system is in place for the Senate race, and Mississippi, as well as in some House districts. But as of now, Democrats have secured at least 54 Senate seats,...
