There were many impactful (and potentially impactful) policy developments that unfolded this week. Biofuel Required Volume Obligations (RVOs) - The EPA released the 2019 biofuel RVOs today. It did not reallocate past waivers for small refiners, adding back the nearly 2 billion gallons in overall fuel use, much to the dismay of the industry. The agency did, however, add a small increase in the cellulosic category in a revision to the proposed rule issued in July. That bumped up not only the cellulosic category but also the overall advanced and total renewable fuel categories in which it is nested.
The above implies an undifferentiated advanced category of 1.27 billion gallons, up 450 million gallons from 2018. Much of that increase will...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
