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Ag Secretary Expects “Certainty” From EPA for Biofuels

Ag Secretary Expects “Certainty” From EPA for Biofuels

By Cindy Zimmerman

On the day last week that the Environmental Protection Agency proposed extending the deadlines for refiners to comply with Renewable Fuel Standard volume obligations, Secretary of Agriculture Tom Vilsack told farm broadcasters that the biofuels industry can expect “certainty” from the Biden EPA.

Answering a question about what role renewable fuels can play in climate change, considering EPA has yet to issue proposed Renewable Volume Obligations (RVOs) and E15 is essentially back to being banned in the summer, Vilsack said it’s an important role and producers will see support coming from Washington in a number of ways. “I think you’re going to see it in the certainty of the RVOs that basically the EPA puts out,” said Vilsack. “In the past, the previous administration set a number but that number, you could never trust it because there were waivers being granted in a very significant way…which significantly reduced that number.”

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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

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Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.