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A University of Wisconsin-Madison study finds that greenhouse gases from corn ethanol offset its benefits over gasoline. The researchers attribute this to land-use change, with more corn and less grassland, which the RFS did not anticipate.
The study calls for policy changes.
The findings could prompt scrutiny of RFS volume mandates, which underpin corn ethanol and soybean oil demand, but no immediate policy change is announced.
grow.cals.wisc.eduAlex Steussy-Williams MS'18Oct 19, 2022After 1,419 past policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 1,905 past policy events, SOY moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), 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.
