The US Environmental Protection Agency is under pressure to waive the government-mandated Renewable Fuel Standard (RFS), which places a quota on ethanol production, as high heat, drought impact US corn production and raise the price of livestock feed.
The August US Dept. of Agriculture corn forecast anticipates10.8 billion bushels, slashed over 2 billion bushels since the last report.
I flew to Abu Dhabi for a short work trip in January and, if I’m honest, I found the security and screening processes at that airport ahead of my flight back to Washington DC a bit annoying.
However, given today’s announcement about new US security rules for flights from that airport and nine others, most of them also in the Middle East, the focus of my annoyance has changed....More