Now that the EPA has promised that at least 15 billion gallons of ethanol will be blended into a total gasoline pool of about 142.4 billion gallons, the trick is how to expand sales of higher blends of ethanol. EIA is forecasting total gasoline consumption in 2020 to increase about 160 million gallons over 2019 but drop by 270 million gallons in 2021 from 2020 projected levels. Holding ethanol steady at 15 billion gallons means the minimum use of ethanol will exceed 10.6 percent. Technically, any blend above 10.5 percent constitutes E15.
At the recent Iowa Renewable Fuels Association annual meeting it was noted that “if the Trump Administration follows through, then 2020 will be the first year where the RFS was fully i...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
