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Advanced Biofuels Association president Michael McAdams and energy analyst Andy Lipow discussed the E15 waiver debate. The industry seeks a Clean Air Act amendment to extend the one-pound volatility waiver to gasoline with up to 15% ethanol, which could add about 7 billion gallons of ethanol demand.
EPA has also removed the waiver for 10% ethanol blends in eight Midwestern states.
Expanded E15 sales would raise ethanol demand and corn grind, supporting corn prices, while the EPA rule change in Midwestern states could limit near-term ethanol blending volumes.
realclearenergy.orgStaffApr 3, 2024After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
