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Tag "Darrel Good"

Biodiesel and Soybean Oil Prices – What’s the Relationship?

Biodiesel and Soybean Oil Prices – What’s the Relationship?

👤by Scott Irwin and Darrel Good, University of Illinois Ag Economists 🕔Sep 8, 2017

In a farmdoc daily article almost five years ago (November 2, 2012), we argued that, “…the new era of higher crop prices could be extended well into the future as a result of the RFS for advanced biofuels that in all likelihood

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Biodiesel: Projecting RINs Prices Under Different Policies

Biodiesel: Projecting RINs Prices Under Different Policies

👤By Scott Irwin and Darrel Good, University of Illinois Ag Economists 🕔Aug 31, 2017

Introduction In a farmdoc daily article last week (August 23, 2017), we developed a simple economic model to predict D4 biodiesel RINs prices based on biodiesel prices, diesel prices, and the biodiesel tax credit. Empirical analysis using historical data shows

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Biodiesel: How to Think About RINs Prices Under Different Policies

Biodiesel: How to Think About RINs Prices Under Different Policies

👤by Scott Irwin and Darrel Good, University of Illinois Ag Economists 🕔Aug 24, 2017

Introduction Several recent farmdoc daily articles examined the role that biomass-based diesel (BBD) plays with respect to compliance with RFS mandates. Topics covered include: the amount of BBD required to fill the BBD mandate and also fill the advanced and conventional gaps, identifying

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Biomass-Based Biodiesel Prices: How Much Does Policy Matter?

Biomass-Based Biodiesel Prices: How Much Does Policy Matter?

👤By Scott Irwin and Darrel Good, University of Illinois Ag Economists 🕔Aug 18, 2017

Introduction Biomass-based diesel, which includes both biodiesel and renewable diesel, plays a critical role in compliance with RFS mandates. Since 2013, biomass-based diesel (BBD) has been the “marginal gallon” for complying not only with the advanced mandate but also the

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Corn, Soybeans: Updated 2017-18 Supply, Demand, and Price Prospects – Video

Corn, Soybeans: Updated 2017-18 Supply, Demand, and Price Prospects – Video

👤By Todd Hubbs and Darrel Good, University of Illinois Ag Economists 🕔Aug 11, 2017

A webinar presented by University of Illinois Ag Economists Darrel Good and Todd Hubbs that reviews the USDA’s U.S. corn and soybean yield and production forecasts released on August 10. The production forecasts was combined with projections of marketing year

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Biofuels: Filling Gaps in the Renewable Fuels Standard with Biodiesel

Biofuels: Filling Gaps in the Renewable Fuels Standard with Biodiesel

👤by Scott Irwin and Darrel Good, University of Illinois Ag Economists 🕔Jul 20, 2017

In the farmdoc daily article of July 12, 2017, we calculated the likely size of the “gaps” in biofuels consumption created by the EPA implementation of the Renewable Fuels Standards (RFS) for the years 2014 through 2018. The conventional ethanol

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Biofuels: EPA’s Renewable Fuel Standard Rulemaking for 2018 — Still a Push

Biofuels: EPA’s Renewable Fuel Standard Rulemaking for 2018 — Still a Push

👤By Scott Irwin and Darrel Good, University of Illinois Ag Economists 🕔Jul 13, 2017

The U.S. Environmental Protection Agency announced the proposed rulemaking for the Renewable Fuels Standard (RFS) for 2018 and the biomass-based diesel volume requirement for 2019 on July 5th. In this article, we analyze the expected outcome of implementing the newly announced mandates.

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Corn and Soybeans: Prospects for Crop Size Based on USDA Reports – Video

Corn and Soybeans: Prospects for Crop Size Based on USDA Reports – Video

👤By Todd Hubbs and Darrel Good, Department of Agricultural and Consumer Economics, University of Illinois 🕔Jul 3, 2017

This webinar reviews the USDA stocks and acreage reports released last week and discusses the implications for both old crop and new crop balance sheets for corn and soybeans. The USDA’s estimate of June 1 stocks of corn and soybeans provides

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2017 Crop and Livestock Price Prospects

2017 Crop and Livestock Price Prospects

👤By Darrel Good, University of Illinois, farmdocDaily 🕔Jan 2, 2017

This is a presentation summary from the 2016 Illinois Farm Economics Summit (IFES) which occurred December 12-16, 2016. A complete collection of presentations including PowerPoint Slides (PPT) and printable summaries (PDF) are available here. CROPS Crop prices remain well below

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Soybean Market: Planting More in 2017? Consider Forward Pricing

Soybean Market: Planting More in 2017? Consider Forward Pricing

👤By Gary Schnitkey and Darrel Good, University of Illinois, farmdocDaily 🕔Dec 7, 2016

Current 2017 fall delivery bids for central Illinois are near $10 per bushel for soybeans while corn is near $3.60 per bushel. At those prices, soybeans are projected to be near $80 per acre more profitable than corn, sending a

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