The Advanced Ethanol Coalition (AEC) this week issued an industry progress report for cellulosic biofuels that shows "a detailed look at the progress made towards the commercial deployment of advanced biofuels. According to the report:
The cellulosic biofuels industry has reached the commercial deployment phase; however, "high capital risk from OPEC-induced price distortions, constrained blending markets and policy uncertainty continued to slow the rate of deployment." Enzyme costs for cellulosic production are down 80 percent in the last decade and cellulosic biofuels are today being produced for $2.00 per gallon or less. According to Sandia National Lab, the U.S. could produce 75 billion gallons per year of cellulosic biofuels wit...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
