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: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
