The final numbers for 2013 support EPA's case to reduce the RVOs for 2014 due to the blend wall.EPA released the Required Volume Obligation (RVO) data under the Renewable Fuel Standard program (RFS) last week, just as the 2014 RVO proposal was being closed to comments. The data is below and includes the total Renewable Identification Numbers (RINs):Comparing these numbers to their RVOs:
Ethanol totaled 96.5 percent of its target volume. Biodiesel totaled 104 percent of its target volume. Advanced biofuel (absent biodiesel) totaled 39 percent of its target volume. Cellulosic totaled only 9 percent of its volume target (and only 0.024 percent of its statutory level of 1.75 billion gallons as spelled out in the original RFS).
The fina...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
