U.S. EPA’s 2017 proposed Required Volume Obligations (RVOs) for the Renewable Fuel Standard (RFS) implies a likely increase in conventional Renewable Identification Number (RIN) prices, the value of which gets carried partially to the price of corn. RFS Proposal Impacts Feed The U.S. EPA’s release of its 2017 proposed Required Volume Obligations (RVOs) for the Renewable Fuel Standard (RFS) included the following:
Total Biofuel: 18.8 billion gallons Advanced: 4 billion gallons Biodiesel: 2 billion gallons (2.1 billion gallons for 2018) Cellulosic: 312 million gallons (0.173 percent)
This leaves the implied corn ethanol mandate at 14.8 billion gallons (see Ag Perspectives, 18 May 2016). That would equate to almos...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
