China National Drying Network Reuters The soaring price of US corn has made most of the animal husbandry producers who feed on corn unsustainable cost pressures. They have pointed to the US Renewable Energy Standards (RFS) program and believe that excessive ethanol production consumes corn. Let the threat of drought worsen. The American Ethanol Association and the Renewable Energy Association are in favor of RFS. They believe that the current US corn ethanol stocks are abundant. Even if the plan is cancelled, it will not have much impact on the corn market. Since the end of July, the two sides have become more heated. As the scope of drought continues to expand, as of July 29th, the United States expects the percentage of corn planting areas that have become “very bad†and “bad†to increase to 48%, and the Chicago Board of Trade (CBOT) July corn futures prices have risen cumulatively. 28%. RFS is a national strategy developed by the United States Environmental Protection Agency (EPA) to promote the development of biofuels in the United States. According to its provisions, by 2022, the United States will produce 16 billion gallons of cellulosic ethanol biofuel, conventional corn ethanol production will reach 15 billion gallons, biodiesel production will reach 1 billion gallons, and advanced biofuel production will reach 4 billion gallons. According to the provisions of the RFS on the addition of ethanol to gasoline, more than one-third of the corn production in the United States is used annually for ethanol production. The current record of corn prices has caused livestock raising costs to rise and squeezing profits from manufacturers. As a result, the demand for cancellation of RFS has become higher and higher. Although, as early as July 18, EPA Air and Transportation Director Margo Aogo had publicly stated that the EPA will not consider the minimum standards of corn ethanol fuel production given by RFS because of drought. However, the U.S. livestock and poultry producers severely affected by the drought still signed a joint letter on July 30 requesting the reduction or elimination of the government’s use of ethanol in gasoline for a period of one year to cross the United States for the past 56 years. Severe drought. JD Alexander, chairman of the National Beef Producers Association of the United States, stated: "We are having difficulty buying corn now. It is time for the ethanol industry to develop independently." On July 27, the CEO of Smithfield Foods, the world's largest pork producer. Larry Pope published an article in the "Wall Street Journal" against RFS, claiming that the RFS's requirement for at least 15.2 billion gallons of ethanol to be incorporated into fuel this year has added to the current difficulties faced by livestock producers. In the face of drastic reductions in crops caused by drought, RFS has allowed so much corn to be used in the production of controversial alternatives to gasoline. This is unwise, and the EPA should abandon RFS. The company’s internal analysts believe that the average US corn production per acre this year will be less than 140 bushels, and may even be less than 130 bushels. Brian Jennings, vice president of the American Ethanol Association, responded to Smithfield Foods's remarks: “Larry Pop has been ridiculous about RFS raising corn prices and RFS being more horrible than drought. The reason is that the EPA has sufficient flexibility to adjust RFS. Pope hopes to abandon RFS to increase the profits of Smithfield Foods, but this will threaten US energy security and push up gasoline prices.†American Ethanol Association It was pointed out that the soaring price of corn in 2008 was later confirmed not to have been triggered by RFS, but rather due to speculative trading in the commodity market. Opponents of corn ethanol just ignored this fact. For the joint letter on July 30, Bob Dinnan, chairman and chief executive officer of the American Renewable Fuels Association, said: "The fair investigation will draw a conclusion: Abandoning RFS will bring benefits to oil companies, and these companies have long been Committed to the abolition of the RFS program, the hot and dry climate in summer this year poses challenges for downstream users of corn, but in fact, because some ethanol plants also produce high protein feeds, limiting ethanol production will exacerbate drought-induced feed and costs. problem." In fact, the current market self-regulation has been effective. Jennings said: "Because the production of corn ethanol already exceeds the targets set in the RFS, sufficient inventory can ensure that refineries can meet RFS under drought conditions, and ethanol producers can also reduce operating rates under such market conditions. It will not cause corn prices to soar.†At present, the US ethanol production dropped to 800,000 barrels per day, the lowest level since June 2010. Over the past six weeks, ethanol has reduced corn consumption by more than 10%. Family pool is sub. catagory of Pool Series. pool series also included kids pools, Play Center, family pool and above ground pools. Family Pool,Inflatable Family Pool,Inflatable Swimming Pool,Outdoor Swimming Pool P&D Plastic Manufacture Co., Ltd , https://www.jmpoolfloat.com
August 04, 2021