The U.S. EPA is expected to send biofuel blending mandates for 2020, 2021 & 2022 to the White House for final review by early next week. It is unclear whether the volumes will be the same as proposed in December, where 2020 & 2021 were below expectations.
reuters.comU.S. EPA to send 2020-2022 biofuel mandates to White House by early next week -sourcesThe U.S. Environmental Protection Agency is expected to send biofuel blending mandates for 2020, 2021 and 2022 to the White House for final review by early next week, according to two sources...
Too many labels make the chart too messy, but some will wonder about those extreme years. Here you go. The #corn gains we saw in 2021 were unprecedented, but here we are in 2022, exact same scenario. How many people were expecting that?
Remember this chart from a year ago? CBOT #corn futures had amassed record yearly gains by the end of April 2021, but as of Wednesday, 2022 gains were HIGHER, up 37% so far vs 35% a year ago. 2021 gains maxed out at +51% on May 7.+43% in 2022 would yield record prices.
First decent rain in a very long time for some of the dry HRW areas is clobbering wheat, especially HRW prices right now.
Sunday Night/Monday is the ideal time frame.
Could have a gap lower on Sunday NIght's wheat:
See more on this here: