The 2021 and 2022 proposed RVOs, developed by EPA, have been under review at the Office of Management and Budget (OMB) for a week. As we reported last Friday, the proposal was sent from EPA for review last Thursday. What is in the proposal is still a mystery, however. That differs from last year; the proposed volumes for 2021 were submitted to OMB in May during the COVID pandemic and the volumes were fairly transparent with EPA giving a “heads-up” to the industry, though they were never published even for public comment.
While the process has not been transparent this year, there are various rumors and speculation about what might be in the proposed rule. Following is a look back at the RVO process in 2013-2016 to try to find...
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...
