The U.S. EPA today finalized the 2018 Required Volume Obligations (RVOs) for biofuels under the Renewable Fuel Standard (RFS). This is the fifth consecutive year that they have been higher than the proposed levels, although this year’s increase was quite slight at 50 million gallons.
Ethanol The implied conventional mandate for corn ethanol remains at the statutory maximum of 15 billion gallons. The U.S. Energy Information Administration’s (EIA’s) November Short-Term Energy Outlook (STEO) pegs ethanol blending next year at 14.7 billion gallons. That would be a blend rate of 10.25 percent, a record high and the fifth consecutive year of growth. WPI is forecasting 2018 ethanol production will exceed 15.8 billion gallons,...
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...
