As Matt Herrington noted on Friday, the Environmental Protection Agency released the final required volume obligations (RVO) rule which set the biofuels blending levels for 2021 (retroactively) and 2022 (six months late, and five months into the compliance year). Following is the breakdown compared to what was proposed by EPA in December 2021:
2021 volume (issued retroactively) is larger;
2022 volume is lower, with the reduction coming from the cellulosic category;
However, the 2022 effective volume would be larger as EPA added a 250 million gallon “supplemental obligation” for 2022. The supplemental volume is intended to address the remand of the 2014-2016 final RVOs by the DC Circuit Court of Appeal...
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...
