US Government to Expand Year-Round Sales of E15 Ethanol Fuel

Apr 24, 2023

The US government is planning to expand the year-round sales of E15 ethanol fuel, a move that is set to benefit farmers and boost demand for ethanol. E15 ethanol is a blend of gasoline and up to 15% ethanol, which is produced from corn and other crops.

The current regulations limit the sale of E15 ethanol during the summer months, which has been a significant challenge for the ethanol industry. However, the proposed expansion of year-round sales of E15 ethanol will allow consumers to purchase the fuel all year round, thereby boosting demand for ethanol.

This move is good news for farmers, who have been struggling with low commodity prices and market uncertainties. It will provide them with a new market for their crops, thereby supporting their livelihoods and the agricultural industry as a whole.

The expansion of year-round sales of E15 ethanol will also have environmental benefits. Ethanol is a renewable fuel that reduces greenhouse gas emissions and helps to reduce the US's dependence on foreign oil. By increasing the use of ethanol, the US can achieve its climate goals while supporting its domestic agriculture industry.

The US government's plan to expand the year-round sales of E15 ethanol is a significant move that will benefit farmers, support the ethanol industry, and have environmental benefits. It is an excellent opportunity to boost the demand for renewable fuel while supporting the US's domestic agriculture industry.

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!