Recent Biofuels Analysis
China Scales Back Ethanol Use Goals
Just as hopes were high for resuming ethanol exports to China under the Phase One deal to be signed this week, China is suspending its national E10 ethanol blending plan which was to be in effect in 2020. While the E10 goal was never realistic – USDA’s FAS post in China estimated mi...
New Year Prediction: More RFS Changes Coming
Two weeks ago, EPA increased the blending requirement for ethanol and biodiesel under its supplemental small refinery exemption (SRE) proposal. More changes, and potentially additional volumes of biofuels, are likely in the new year. EPA has pulled its proposed RFS re-set proposal from OMB, whi...
Ag Review - December 2019
WPI's monthly publication features a review of the past month's market and policy developments. There are articles covering the trade war impacts, oil and ethanol developments, a potential next cattle ranching frontier, farm proposals and more. ...
Change Ahead For Agriculture
The current political turbulence in Washington dominates the wire service headlines and the attention of op-ed writers. Yesterday, the U.S. House of Representatives passed two articles of impeachment against President Trump over the Ukraine affair and a charge of obstruction of Congress. This i...
RVO Countdown
Friday of this week could be EPA’s release date for the final rule on the 2020 required volume obligations (RVO). That rule would include the small refinery offset language proposed by EPA in October. The rule was sent from EPA to the Office of Management and Budget (OMB) on 6 December; O...
Do Oil and Ethanol Finally Agree on Something?
For the past 2 years the ethanol industry has hounded EPA about its use of small refinery exemptions (SREs), calling the increase in exempted volumes in recent years illegal. Apparently, the American Petroleum Institute (API) agrees. In comments filedlate last week on EPA’s proposed...
Energy and Ethanol Outlook
Energy markets mostly bounced back today after a Black Friday shortened trading session where energy futures dipped across the board. On Friday, crude oil was down about $3.00 per barrel, gasoline down more than $0.08 per gallon and diesel about $0.07 per gallon. Ethanol followed, with the Janu...
More Cars Approved for E15, but Trend is Toward Fewer Cars
E15-approved vehicles are increasing, while E15-capable flex fuel vehicles (FFVs) are decreasing according to a recent study by the Renewable Fuels Association (RFA). According to RFA’s survey of manufacturers’ owners’ manuals for automakers responsible for 95 percent of...
Policy Round Up
India Trade The Ministry of Commerce and Industry is reporting that progress is being made in trade negotiations with the U.S. and details could be forthcoming within a couple of weeks. In fact, India is stepping up their trade agenda across the board. India moved this week on a tra...
Market Commentary
A lack of follow-through buying in wheat during the overnight session created a weaker open at the CBOT today. Soyoil led the soy complex lower while corn moved to slight losses in extremely low volume trading. Wheat gave back most of its gains from yesterday, signaling that yesterday’s r...
Market Commentary
The CBOT today saw light liquidation in soybeans, early short covering in corn that eventually broke down into a lower close, and continued bull spreading in soyoil. The ongoing U.S. harvest remains a bearish factor with cash sales accelerating and weakening basis levels. Overall, the market wa...
Odd Ethanol Economics
The Golden state is being challenged over the saying, as goes California, so goes the Nation. Egg farmers in other states are challenging Sacramento’s dictate on how they farm, and the Trump Administration is challenging the state on at least two fronts: the imposition of its own stiffer...
China Scales Back Ethanol Use Goals
Just as hopes were high for resuming ethanol exports to China under the Phase One deal to be signed this week, China is suspending its national E10 ethanol blending plan which was to be in effect in 2020. While the E10 goal was never realistic – USDA’s FAS post in China estimated mi...
New Year Prediction: More RFS Changes Coming
Two weeks ago, EPA increased the blending requirement for ethanol and biodiesel under its supplemental small refinery exemption (SRE) proposal. More changes, and potentially additional volumes of biofuels, are likely in the new year. EPA has pulled its proposed RFS re-set proposal from OMB, whi...
Ag Review - December 2019
WPI's monthly publication features a review of the past month's market and policy developments. There are articles covering the trade war impacts, oil and ethanol developments, a potential next cattle ranching frontier, farm proposals and more. ...
Change Ahead For Agriculture
The current political turbulence in Washington dominates the wire service headlines and the attention of op-ed writers. Yesterday, the U.S. House of Representatives passed two articles of impeachment against President Trump over the Ukraine affair and a charge of obstruction of Congress. This i...
RVO Countdown
Friday of this week could be EPA’s release date for the final rule on the 2020 required volume obligations (RVO). That rule would include the small refinery offset language proposed by EPA in October. The rule was sent from EPA to the Office of Management and Budget (OMB) on 6 December; O...
Do Oil and Ethanol Finally Agree on Something?
For the past 2 years the ethanol industry has hounded EPA about its use of small refinery exemptions (SREs), calling the increase in exempted volumes in recent years illegal. Apparently, the American Petroleum Institute (API) agrees. In comments filedlate last week on EPA’s proposed...
Energy and Ethanol Outlook
Energy markets mostly bounced back today after a Black Friday shortened trading session where energy futures dipped across the board. On Friday, crude oil was down about $3.00 per barrel, gasoline down more than $0.08 per gallon and diesel about $0.07 per gallon. Ethanol followed, with the Janu...
More Cars Approved for E15, but Trend is Toward Fewer Cars
E15-approved vehicles are increasing, while E15-capable flex fuel vehicles (FFVs) are decreasing according to a recent study by the Renewable Fuels Association (RFA). According to RFA’s survey of manufacturers’ owners’ manuals for automakers responsible for 95 percent of...
Policy Round Up
India Trade The Ministry of Commerce and Industry is reporting that progress is being made in trade negotiations with the U.S. and details could be forthcoming within a couple of weeks. In fact, India is stepping up their trade agenda across the board. India moved this week on a tra...
Market Commentary
A lack of follow-through buying in wheat during the overnight session created a weaker open at the CBOT today. Soyoil led the soy complex lower while corn moved to slight losses in extremely low volume trading. Wheat gave back most of its gains from yesterday, signaling that yesterday’s r...
Market Commentary
The CBOT today saw light liquidation in soybeans, early short covering in corn that eventually broke down into a lower close, and continued bull spreading in soyoil. The ongoing U.S. harvest remains a bearish factor with cash sales accelerating and weakening basis levels. Overall, the market wa...
Odd Ethanol Economics
The Golden state is being challenged over the saying, as goes California, so goes the Nation. Egg farmers in other states are challenging Sacramento’s dictate on how they farm, and the Trump Administration is challenging the state on at least two fronts: the imposition of its own stiffer...