Your Pro Farmer newsletter (December 3, 2022) is now available
EPA finally released its biofuels blending proposals for 2023 through 2025. The corn-for-ethanol figures were in line with what was expected. But the soyoil market faced heavy price pressure as the biodiesel figures were lower than traders anticipated. EPA’s proposal also includes regulatory changes to how credits from renewable electricity (eRINs) would be implemented and managed under the RFS program. Amid a flurry of protests across the country, China appears ready to finally relax its Covid policies. Our News page 4 feature this week looks at these two factors and a host of other market, trade and policy issues ahead. On the economic front, the Fed’s fight against inflation isn’t complete, but it appears the pace of gains in interest rates may slow soon – potentially this month amid indications inflation has peaked. We cover all of these items and much more in this week’s newsletter, which you can download here.
