The biofuel sector is celebrating a big milestone today with the 20th anniversary of the Renewable Fuel Standard. Over the past two decades, it has created a high-demand market for farmers while boosting American-made renewable fuels.
Geoff Cooper with the Renewable Fuels Association joined RFD-TV’s Suzanne Alexander to discuss an overview of the RFS, the main benefits we have seen from this policy, and its impact it has had on our farmers and rural communities.
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The pricing signals come as biofuel and corn groups continue to press Congress for permanent nationwide E15 access.
Soybean oil is already feeling the pressure.
Trade officials discussed export growth, biofuel opportunities and market access during the National Restaurant Association Show.
Current estimates are already hovering around 80 weeks.
Corn demand received another boost last week as ethanol production climbed to a five-week high.
Senate Majority Leader John Thune says senators are trying to align the E15 effort with broader Farm Bill negotiations as producers continue grappling with weak farm income and elevated costs.
