EIA Forecast Shows Possible 1.4 Billion RIN Surplus for 2023

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EIA Forecast Shows Possible 1.4 Billion RIN Surplus for 2023

Alexandra Watts | 10.11.2023

The RFS renewable volume obligations (RVOs) issued by the EPA provide percentage standards that are applied to a forecast available back at that point in time. The percentage standards translate into volumes based on the estimated consumption forecast. The actual RVOs only become known over time but use the same percentage standards that were applied to the original estimated volumes.

Reviewing the October STEO and applying the appropriate percentage standards, 2023 gasoline consumption has fallen from the original estimate and has lowered the...

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Margin Compression Driving Lower Fat Prices

Margin Compression Driving Lower Fat Prices

There was trading done at sharply lower levels again today with UCO below 50 cts/lb on an FOB basis...

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Porcine BM Higher in IA/MO/NE and IN

Porcine BM Higher in IA/MO/NE and IN

For Wednesday, values on porcine bloodmeal were reported higher on IA/MO/NE, with a new range of $950-1025/st and Indiana,...

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Soybean Harvest Progress Soars 20 Percent WOW

Soybean Harvest Progress Soars 20 Percent WOW

Sources reported quiet trading for wheat midds, indicating steady levels. However, market participants reported trades for DDGS...

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Strong August Furniture Sales Despite Bearish Chinese & US Housing Markets

Strong August Furniture Sales Despite Bearish Chinese & US Housing Markets

Midweek hide trading was active for steer and cow hides.
Automotive tanners showed demand for Heavy Native Steers...

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Crude Corn Oil Cash Market Extends Slide

Crude Corn Oil Cash Market Extends Slide

Crude corn oil price indications in the Midwest cash market dropped this week. Assessments rolled back to the upper...

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Imports Key to Organic Corn Price Stability

Imports Key to Organic Corn Price Stability

Organic corn prices are holding steady, but there is little appetite to...

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Governments Struggle to Take Comprehensive View on Cannabis Reforms

Governments Struggle to Take Comprehensive View on Cannabis Reforms

As more U.S. states grapple with the legality of hemp derived cannabinoids,...

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LCFS Credit Volume Jumps to 11-Week High

LCFS Credit Volume Jumps to 11-Week High

Weekly LCFS credit volume continued to follow its quarterly cyclical trend higher, as volume pushed to an 11-week high....

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