Trump to Announce Plan to Increase Biofuel Demand

President Trump To Announce Plan To Increase Biofuel Demand

Secretary of Agriculture Sonny Perdue said on Wednesday that President Trump will announce a plan to boost domestic demand for biofuels.

Secretary Perdue did not announce any specifics or a timeline for the plan.

Last week the administration decided to increase biofuel blending quotas to account for the waived volumes but there has been disagreement over when to start the program.

将年度乙醇授权提高到155亿加仑的决定是在过去三年将生产水平固定为150亿加仑之后的决定。

The administration also agreed to raise the biodiesel mandate by 250 million gallons. The 2020 biodiesel mandate had been proposed at 2.43 billion gallons versus 2.10 this year.

What It Means:在FBN，我们认为，国内生物燃料计划的最新活动对美国农民感到困惑和潜在破坏。政府决定对石油和天然气行业批准生产或混合豁免的决定对美国玉米生产商来说是负面的。我们在FBN中认为，提高RFS生产水平的任何尝试对美国玉米和大豆生产商都是有利的。

China To Increase Pork Imports; Releases Meat From Reserves

China's commerce ministry said it will boost pork imports and also release frozen pork, beef and mutton from state reserves to increase the supply of meat in the market.

China often releases some of its meat from storage when prices are high, or during peak demand periods such as the Lunar New Year holiday, the country's biggest festival.

Imports of the meat are already up 36% in the first seven months of this year, and analysts expect them to double from 2018 levels in 2020.

China has been importing pork from the EU, Brazil, and has recently certified plants in Argentina.

自2018年以来，该国的猪群估计估计缩减了30％，在过去的几个月中，猪肉价格飙升。

FBN’s Take on What It Means:我们认为，中国在全球猪肉出口市场内的积极行动对美国生产商来说可能是积极的。随着中国试图从任何主要全球出口国那里获得猪肉供应，尽管进口关税25％，但美国向该国的出口量仍令人鼓舞。

交易期货，套期保值和猜测的风险可能很大。FBN BR LLC（NFA ID：0508695）

—Kevin McNew