Ethanol
27Sep

Fed Increases Interest Rates, Citing Strong Economy

Following a two-day meeting, Jeremy Powell, chairman of the Federal Reserve’s Open Market Committee, announced the central bank is increasing interest rates for the third time this year. The Fed plans to increase them again in December, despite President Trump’s plea to slow down rate hikes. This unanimous decision, which had been widely anticipated, increased rates by 25 basis points, to a range of 2% to 2.25%. It was the eighth time the committee has raised rates since late 2015 and...

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20Sep

EPA To Make RFS Waiver Info Public

Over the past year, farmers and ethanol advocates alike have pressed the Environmental Protection Agency (EPA) to be more transparent when it comes to Renewable Identification Number (RIN) waivers for small refineries. Today, EPA recognized that concern and created a handful of new sections on their website to ‘increase transparency’ surrounding the Renewable Fuel Standard (RFS) the agency said in a release. “For the first time, EPA is providing new information to the public on small refinery exemptions and RIN...

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13Sep

EPA Waivers Could Rob $20 Billion From Ethanol Demand

Over the next six years, Environmental Protection Agency (EPA) refinery exemptions could steal 4.6 billion gallons of domestic ethanol demand—resulting in nearly $20 billion in potential sales lost, according to a recent analysis by the University of Missouri Food and Agriculture Policy Research Institute (FAPRI). EPA exempts dozens of small refineries from blending obligations required under the Renewable Fuel Standard (RFS). The Renewable Fuels Association (RFA), a group that promotes the expansion of renewable fuels and bio-products worldwide, said FAPRI’s analysis...

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19Jan

Brazil Could Eliminate U.S. Ethanol Tariff

Brazil has a 20 percent tariff on U.S. ethanol, and that could soon be lifted as gasoline prices have increased in recent months. In 2017, Brazil placed the import duty on U.S. ethanol when the U.S. banned Brazilian beef imports after discovering unsanitary conditions in some slaughterhouses. “There is, on the part of the U.S., a big demand to withdraw this ethanol tariff, and we also have this problem with beef—obviously one thing influences and contaminates the other,” said Agriculture Minister Blairo...

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11Dec

Here Is What Farmers Say About Keeping NAFTA

Since his campaign days, President Donald Trump has voiced little support for keeping the United States involved in the North American Free Trade Agreement (NAFTA). Ag trade groups, companies and associations have varying perspectives and positions on the topic as well. Last week, U.S. farmers, dairymen and livestock producers weighed in to share their points of view, via a Farm Journal Pulse survey. The survey question asked was, “Do you think the U.S. should withdraw from NAFTA?” Of the 839 responses,...

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