It has been a busy policy day for agriculture with the EPA’s release of the proposed biofuel volumes for 2019 and the Senate taking up the farm bill. The EPA’s proposed Required Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS) boost the overall biofuels volume to 19.88 billion gallons, which would be 10.88 percent of total over-the-road fuel, including gasoline and diesel.
The conventional ethanol volume was maintained at the statutory maximum of 15 billion gallons. The entire 590 million-gallon increase proposed in the overall RVO was provided by the advanced category. Within the overall advanced category, cellulosic fuel was raised by 93 million gallons. The balance of the increase could be met by either un...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
