U.S. EPA’s 2017 proposed Required Volume Obligations (RVOs) for the Renewable Fuel Standard (RFS) implies a likely increase in conventional Renewable Identification Number (RIN) prices, the value of which gets carried partially to the price of corn. RFS Proposal Impacts Feed The U.S. EPA’s release of its 2017 proposed Required Volume Obligations (RVOs) for the Renewable Fuel Standard (RFS) included the following:
Total Biofuel: 18.8 billion gallons Advanced: 4 billion gallons Biodiesel: 2 billion gallons (2.1 billion gallons for 2018) Cellulosic: 312 million gallons (0.173 percent)
This leaves the implied corn ethanol mandate at 14.8 billion gallons (see Ag Perspectives, 18 May 2016). That would equate to almos...
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...
