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The RFS and Crop Markets: Where to from Here?

The RFS and Crop Markets: Where to from Here?. Scott Irwin sirwin@illinois.edu University of Illinois. “renewable gap”. The Ethanol Market: No Mandate. Price. 5 bil. gal. = minimum for MTBE replacement. Gasoline Blenders Selling Price Buying Price. Demand. Supply. 1.1 x P cbob.

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The RFS and Crop Markets: Where to from Here?

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  1. The RFS and Crop Markets: Where to from Here? Scott Irwin sirwin@illinois.edu University of Illinois

  2. “renewable gap”

  3. The Ethanol Market: No Mandate Price 5 bil. gal. = minimum for MTBE replacement Gasoline Blenders Selling Price Buying Price Demand Supply 1.1 x Pcbob Pe 13 bil. gal. = E10 blendwall Quantity 13

  4. The Ethanol Market: RFS Mandate RFS 2011 Price Gasoline Blenders Selling Price Buying Price Demand Supply 1.1 x Pcbob Pe Quantity 12.6 13

  5. The Ethanol Market: RFS Mandate RFS 2013 RFS 2011 Price Gasoline Blenders Selling Price Buying Price Demand Supply 1.1 x Pcbob Pe Quantity 12.6 13 13.8

  6. The Ethanol Market: RFS Mandate RFS 2013 RFS 2011 Price Gasoline Blenders Selling Price Buying Price Demand Supply 1.1 x Pcbob Additional biodiesel mandate Pe Quantity 12.6 13 13.8

  7. EPA Proposed 2014 RVOs

  8. EPA Proposed 2014 RVOs

  9. EPA Proposed 2014 RVOs

  10. EPA Proposed 2014 RVOs

  11. EPA Proposed 2014 RVOs

  12. EPA Proposed 2014 RVOs

  13. EPA Proposed 2014 RVOs

  14. EPA Proposed 2014 RVOs E10 blend wall challenges drove EPA policy shift: “The proposal seeks to put the RFS program on a steady path forward - ensuring the continued growth of renewable fuels while recognizing the practical limits on ethanol blending, called the ethanol "blend wall.“ http://www.epa.gov/OTAQ/fuels/renewablefuels/documents/420f13048.pdf

  15. EPA Proposed 2014 RVOs E10 blend wall challenges drove EPA policy shift: “The proposal seeks to put the RFS program on a steady path forward - ensuring the continued growth of renewable fuels while recognizing the practical limits on ethanol blending, called the ethanol "blend wall.“ Novel legal argument for renewable mandate write down: “inadequate domestic supply” http://www.epa.gov/OTAQ/fuels/renewablefuels/documents/420f13048.pdf

  16. farmdoc daily: December 4, 2013 www.farmdocdaily.illinois.edu

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