EPA announced the 2013 Required Volume Obligations (RVO) under the Renewable Fuel Standard (RFS) today. The RVOs set the minimum amount of biofuels that must be blended into the retail motor fuel supply. They are:The only thing that changed from EPA's original proposed rule last year was the cellulolsic. It had initially projected cellulosic to be 14 million gallons, but it was scaled back while the overall advanced category in which cellulosic falls was not reduced. The cellulosic level was supposed to be one billion gallons this year under the applicable statute, the Energy Independence and Security Act of 2007. Additionally, under the statute:
The RVOs are to be issued by 30 November 2012. EPA was eight months late and six months i...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
