Ethanol Blog
George Orwel DTN Energy Reporter

Friday 11/16/12

RFS Waiver Rejection Limits Slide by Spot Ethanol Prices

Spot ethanol prices were flat to lower in thin trade early Friday amid soft demand, although the downside was curbed by the Environmental Protection Agency's rejection of petitions from several states to waive the Renewable Fuel Standard.

The states sought the waiver due to concern this year's widespread drought would curb corn supply and harm certain industries that count on corn. EPA rejected the argument, saying waiving the mandate would only reduce corn prices by approximately 1%.

Economic analyses also showed waiving the mandate would not affect household energy costs. "The EPA decision is helpful to ethanol because it means demand won't be affected the way it would if the waiver was granted," said a trade source.

George Orwel can be reached at george.orwel@telventdtn.com.

Posted at 12:49PM CST 11/16/12 by George Orwel
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
July  2015
S M T W T F S
         1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31   
Subscribe to Ethanol Blog RSS
Recent Blog Posts
  • Grains Council Team Educates Southern Mexico Cattle Industry
  • Spot Ethanol Values Boosted by Corn Futures Rally
  • Energy Pressure Follows Weaker Stock Market
  • Argo, NYH Spot Ethanol Edge Lower With Corn, RBOB Futures
  • DDG Price Decline Slows Amid Sluggish Trade
  • Argo, NYH Spot Ethanol Trade Higher on Corn Futures Rally
  • Spot Ethanol Price Gains Backed by Corn Futures Rally
  • Grains Council Educates Japanese Swine Producers on DDGS
  • Uncertainty Seen in Ethanol Market Direction
  • Spot Ethanol Prices Higher on Falling Ethanol Stocks
  • Corn Rally Draws Ethanol Support
  • Spot Ethanol Prices Track Corn Futures Higher
  • Chinese Trade Disruptions Result in DDG Price Plunge
  • Ethanol Futures Close Week Higher
  • Conference: Aquaculture Must Diversify Feed Ingredients
  • Spot Ethanol Prices Soften on Rising Supply
  • Spot Ethanol Prices Mixed on Weekly EIA Supply Data
  • New York Spot Ethanol Biggest Gainer as Market Rebounds
  • China Rumors Worry DDG Market
  • Ethanol Futures Follow Outside Markets Lower