The senators, largely from oil-producing states, are calling for EPA to freeze the RFS volumes for 2021 while one of their GOP colleagues, Sen. Joni Ernst of Iowa, is locked in a tight campaign battle in which ethanol policy is a key issue.
Business & Inputs
Domestic ethanol inventories fell for the third time in four weeks, down 1.5% in the week ended Oct. 16 as production of the fuel tumbled after two weeks of higher output.
President Donald Trump talked about aid to farmers and the trade war with China, as well as E15 ethanol and blender pumps, mixing those topics into his campaign stump speech at an evening rally at the Des Moines Airport Wednesday.
A truck engine that can run on straight ethanol passed a key test on its way to commercialization.
Green Plains expresses concerns a court change of venue and combining case with others could harm its interests.
Omaha-based Green Plains Inc. announced on Tuesday the company has sold the remaining part of its cattle feeding business.
Ag Interest Rate
|DTN Ag Interest Rate Snapshot|
|TODAY||- LAST YEAR|
|CCC Loan Rate||1.125||2.750|
|Real Estate *||3.94||4.72|
|Feeder Livestock *||4.31||5.05|
|Farm Machinery *||4.88||5.57|
|* Federal Reserve's quarterly average|
|effective interest rates at ag banks.|
(c) Copyright 2020 DTN, LLC. All rights reserved.