According to data released late last week, the EPA has granted one additional small refinery exemption (SRE) for 2017 and received three more SRE requests for 2018 since the last reported update (see table below for current counts).
The additional SRE for 2017 was from a very small refinery as the total volume of waivers measured in Renewable Identification Numbers (RINs) did not change from the previously reported 1.82 billion (the volume reporting moves in increments of 10 million gallons). The process used to grant SREs for 2018 is under review by the EPA and Department of Energy; slowing the pace is a top priority of ethanol advocates in Congress. Senator Charles Grassley (R-Iowa) sent a letter to Energy Secretary Rick Perry last we...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
