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No-till Farmer reports that the EPA has released a draft renewable fuel standard pathway allowing biodiesel from sorghum oil. National Sorghum Producers calls it significant positive news for growers and ethanol plants.
The pathway is said to offer better returns, though sorghum oil still trails corn oil by 2 cents per pound.
A new biofuel outlet for sorghum oil adds demand for sorghum at ethanol plants, which can lift the basis. Immediate price effects are hard to quantify.
no-tillfarmer.comJohn DobbersteinDec 28, 2017Not enough comparable past events yet for a historical read.
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.
