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...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
