EPA considering changing ethanol in RFS
The EPA is considering slashing corn ethanol in the Renewable Fuel Standard by 200 million gallons according to a press release from the National Corn Growers Association.
Public comment for the amendment has just opened, so the NCGA is encouraging corn growers and non-corn growers alike to reach out to the EPA and express concern regarding the measure.
“We are very clear about what we want,” said NCGA President Chip Bowling. “It is simple: EPA should follow the statute. For farmers and others in rural America, this new EPA proposal means low corn prices and ethanol plant and industry cutbacks. And for everyone else, it means higher gas prices and dirtier air.”
Public comment on the proposal ends on July 11.
Grain buyers have the unenviable task of sorting through today’s news and determining what it means for tomorrow’s prices. Experienced buyers have plenty of tools to help with their decisions, but the volatility experienced in…