Key Takeaways:
Early U.S. biofuel policy relied primarily on crop-based feedstocks such as corn and vegetable oils. California's LCFS increased demand for waste-derived feedstocks by rewarding fuels with lower carbon intensity scores. Supplies of used cooking oil, animal fats, and distillers corn oil are inherently constrained because they are byproducts of other industries. Imports helped bridge the feedstock gap until Section 45Z limited tax credit eligibility for foreign feedstocks. Feedstock constraints have renewed demand for first-generation feedstocks, particularly soyoil. While innovation may expand waste feedstock supplies, scalability challenges are likely to preserve a significant role for crop-based feedstocks in future biofuel...
Key Takeaways: USDA data access is equal; the ability to use it is not. Larger operations can afford experts who turn public reports into business decisions. Analytical capacity is the true advantage. Forecasts matter only when converted into profit, purchasing, and risk-management decisions...
Russian Grain Markets: 7–11 September 2026 During the first week of September, the Russian grain market remained volatile but predominantly bearish. Among the few commodities that continued to show a bullish trend was rye, which is in short supply this year and has few offers available. I...
