U.S. EPA’s 2017 proposed Required Volume Obligations (RVOs) for the Renewable Fuel Standard (RFS) implies a likely increase in conventional Renewable Identification Number (RIN) prices, the value of which gets carried partially to the price of corn. RFS Proposal Impacts Feed The U.S. EPA’s release of its 2017 proposed Required Volume Obligations (RVOs) for the Renewable Fuel Standard (RFS) included the following:
Total Biofuel: 18.8 billion gallons Advanced: 4 billion gallons Biodiesel: 2 billion gallons (2.1 billion gallons for 2018) Cellulosic: 312 million gallons (0.173 percent)
This leaves the implied corn ethanol mandate at 14.8 billion gallons (see Ag Perspectives, 18 May 2016). That would equate to almos...
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...
