The U.S. EPA today finalized the 2018 Required Volume Obligations (RVOs) for biofuels under the Renewable Fuel Standard (RFS). This is the fifth consecutive year that they have been higher than the proposed levels, although this year’s increase was quite slight at 50 million gallons.
Ethanol The implied conventional mandate for corn ethanol remains at the statutory maximum of 15 billion gallons. The U.S. Energy Information Administration’s (EIA’s) November Short-Term Energy Outlook (STEO) pegs ethanol blending next year at 14.7 billion gallons. That would be a blend rate of 10.25 percent, a record high and the fifth consecutive year of growth. WPI is forecasting 2018 ethanol production will exceed 15.8 billion gallons,...
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...
