Recent Biofuels Analysis
RINs Rumors and Fuel Use Outlook
Ethanol RINs dropped this week on news reports that EPA might consider lowering the 15 billion gallon required volume obligation (RVO) for 2022. This came after two months of steady increases based on a bright outlook for retail motor fuel use this year. Recall on 7 December, the Administration...
EPA Renewable Fuels Coming Regulations and Canola Trade
On 7 December, EPA announced its proposed required volume obligations (RVO) rules which gained much attention. What gained less attention was the regulatory agenda related to renewable fuels that it also announced in December. The 2023 RVO’s, proposed this spring, will be the...
Taking a Closer Look at a Few Details About the RVOs
There was a lot to sort through on Tuesday’s RVO announcement. Below is a look at some key issues. SREs: There has been a lot of media coverage implying that the EPA will deny all pending small refinery exemption (SRE) requests. But as we wrote on 7 December, that action would be&nb...
Retro RVOs May Disappoint, but 2022 RVO Bullish Corn and Veg Oil
EPA released its 2022 proposed required volume obligations (RVO) under the RFS along with the retroactive 2021 volumes and an adjustment to the 2020 volumes. EPA is also proposing to add a 250-million-gallon “supplemental obligation” to the volumes proposed for 2022 and...
Ethanol Starting Out Marketing Year Strong; Vilsack Says RVOs Coming
USDA released the October Grain Crushings report today; total corn use for fuel alcohol was up 16 percent from October 2020, and up 15 percent from September. Ethanol production in October was a record. For the first two months of the marketing year, ethanol use of corn is 876.83 million bushel...
Delayed RVOs Leads to Pushing Back RFS Compliance Deadlines
Recently, WPI reported on the Subcommittee on Commodity Exchanges, Energy, and Credit hearing about the timeline for the required volume obligations (RVOs) from EPA. We noted that Growth Energy, a biofuel trade association, informed EPA via a 2 November letter of its intent to file suit if...
SPR Release Turns Out to be Bullish
President Biden ordered the release of 50 million barrels of crude oil from the Strategic Petroleum Reserves (SPR) to ease gas prices. The release will be in the form of a 32-million-barrel exchange solicitation to be open for bids tomorrow and the accelerating of 18 million-barrel to be sold w...
Where’s the RVO?
The House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit held a hearing today on the “Renewable Economy in Rural America.” Emily Skor, CEO of Growth Energy, a biofuel trade association, mentioned in her testimony that “We are also a...
October Ethanol Production a Blip Not a Trend According to EIA
Last week’s WASDE raised the outlook for corn used in ethanol production by 50 million bushels based on September data from USDA’s Grain Crushings and Co-Products Production report and weekly ethanol production data as reported by the Energy Information Administration (EIA) for the...
Market Commentary: CBOT Lower in Consolidation, Profit Taking; Livestock Markets Rally
The CBOT ended lower Wednesday as profit taking and risk-off trade occurred ahead of next week’s WASDE report. World ag markets were overbought after months of rallies and needed to “cool off”. December Paris milling wheat futures were down €3/MT today and pulled back fro...
Bullish Ethanol Production
USDA released the September Grain Crushings report today; total corn use for fuel alcohol was down 2 percent from August, but up 1 percent from September 2020, starting the marketing year off in the right direction. Moreover, ethanol production for the week ending 22 October hit 1.106 million b...
Private R&D Leads; Energy Confusion
Private R&D Leads Proponents of public sector agricultural R&D have typically touted the high rate of return on such investments and lamented that this spending category has been relatively flat for many years. This ignores that fact that private spending on agricultural R&D has bee...
RINs Rumors and Fuel Use Outlook
Ethanol RINs dropped this week on news reports that EPA might consider lowering the 15 billion gallon required volume obligation (RVO) for 2022. This came after two months of steady increases based on a bright outlook for retail motor fuel use this year. Recall on 7 December, the Administration...
EPA Renewable Fuels Coming Regulations and Canola Trade
On 7 December, EPA announced its proposed required volume obligations (RVO) rules which gained much attention. What gained less attention was the regulatory agenda related to renewable fuels that it also announced in December. The 2023 RVO’s, proposed this spring, will be the...
Taking a Closer Look at a Few Details About the RVOs
There was a lot to sort through on Tuesday’s RVO announcement. Below is a look at some key issues. SREs: There has been a lot of media coverage implying that the EPA will deny all pending small refinery exemption (SRE) requests. But as we wrote on 7 December, that action would be&nb...
Retro RVOs May Disappoint, but 2022 RVO Bullish Corn and Veg Oil
EPA released its 2022 proposed required volume obligations (RVO) under the RFS along with the retroactive 2021 volumes and an adjustment to the 2020 volumes. EPA is also proposing to add a 250-million-gallon “supplemental obligation” to the volumes proposed for 2022 and...
Ethanol Starting Out Marketing Year Strong; Vilsack Says RVOs Coming
USDA released the October Grain Crushings report today; total corn use for fuel alcohol was up 16 percent from October 2020, and up 15 percent from September. Ethanol production in October was a record. For the first two months of the marketing year, ethanol use of corn is 876.83 million bushel...
Delayed RVOs Leads to Pushing Back RFS Compliance Deadlines
Recently, WPI reported on the Subcommittee on Commodity Exchanges, Energy, and Credit hearing about the timeline for the required volume obligations (RVOs) from EPA. We noted that Growth Energy, a biofuel trade association, informed EPA via a 2 November letter of its intent to file suit if...
SPR Release Turns Out to be Bullish
President Biden ordered the release of 50 million barrels of crude oil from the Strategic Petroleum Reserves (SPR) to ease gas prices. The release will be in the form of a 32-million-barrel exchange solicitation to be open for bids tomorrow and the accelerating of 18 million-barrel to be sold w...
Where’s the RVO?
The House Agriculture Committee’s Subcommittee on Commodity Exchanges, Energy, and Credit held a hearing today on the “Renewable Economy in Rural America.” Emily Skor, CEO of Growth Energy, a biofuel trade association, mentioned in her testimony that “We are also a...
October Ethanol Production a Blip Not a Trend According to EIA
Last week’s WASDE raised the outlook for corn used in ethanol production by 50 million bushels based on September data from USDA’s Grain Crushings and Co-Products Production report and weekly ethanol production data as reported by the Energy Information Administration (EIA) for the...
Market Commentary: CBOT Lower in Consolidation, Profit Taking; Livestock Markets Rally
The CBOT ended lower Wednesday as profit taking and risk-off trade occurred ahead of next week’s WASDE report. World ag markets were overbought after months of rallies and needed to “cool off”. December Paris milling wheat futures were down €3/MT today and pulled back fro...
Bullish Ethanol Production
USDA released the September Grain Crushings report today; total corn use for fuel alcohol was down 2 percent from August, but up 1 percent from September 2020, starting the marketing year off in the right direction. Moreover, ethanol production for the week ending 22 October hit 1.106 million b...
Private R&D Leads; Energy Confusion
Private R&D Leads Proponents of public sector agricultural R&D have typically touted the high rate of return on such investments and lamented that this spending category has been relatively flat for many years. This ignores that fact that private spending on agricultural R&D has bee...