Ethanol
The American Soybean Association warns proposed refinery exemptions could reduce biofuel demand and cut U.S. soybean crop value by more than $1 billion.
Much of the crop cleared pollination as current projections remain near 16 billion bushels.
Wind and solar drove electricity gains while transportation remains a major opportunity for renewable energy growth.
Higher production and exports continue providing an important source of demand for U.S. corn.
USDA reports higher corn use for ethanol and increased soybean processing compared with last year.
For farmers and ranchers, the combination of expanding export opportunities, uncertain Chinese demand, and unpredictable weather will continue to shape markets heading into the months ahead.
Higher ethanol blending rates are supporting corn demand, but persistent drought continues to challenge producers in parts of the western Corn Belt.
RFA President and CEO Geoff Cooper discusses year-round E15 legislation in the Farm Bill, the upcoming Senate Agriculture Committee markup, and developments in Renewable Fuel Standard exemptions.
The EPA’s latest refinery waiver decisions establish new guidelines that could shape renewable fuel policy and credit markets.
Higher production boosts corn demand as rising inventories put transportation networks in focus.