Another meeting was held at the White House yesterday regarding year-round approval for E15 as well as other reforms to the Renewable Fuel Standard (RFS). The focus is on approving E15 as a quid pro quo for the EPA’s granting of waivers for small refiners earlier this year, which has alarmed and energized ethanol advocates. Everyone from USDA Secretary Perdue to Growth Energy’s CEO Emily Skor has characterized the waivers as “demand destruction.” There is a caveat, however, from the market perspective. The waivers were applicable to the 2017 compliance year. As U.S. Energy Information Administration (EIA) data shows, demand for ethanol blending has actually increased in 2018 to date.
Ethanol production was 1.78 p...
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...
