Corn prices likely to fall 24% in 2013: CBO

In Washington, the Congressional Budget Office says that corn prices will likely fall from their $6 per bushel average last year to $4.54 in the 2013 marketing year beginning Sept. 1 but only rise to $4.82 by 2022 as ethanol production growth slows to a pace that farmers can catch up with.

More Biofuels Articles of Interest

• Canada's 5 percent Renewable Fuel Standard gets OK
• Brazil mulls low-cost loans, tax cuts to stimulate ethanol stockpiling
• USDA publishes "The Renewable Identification Number System and U.S. Biofuel Mandates."
• Indian ethanol blending starts in 14 states; five tates out due to lack of ethanol
• US's biodiesel tax credit will bring in millions for Biox
• Minnesota makes grants to 9 biofuels projects
• POET, DSM form landmark cellulosic ethanol joint venture
• The Biorefinery Project of the Future – Part 7 of 10 – Add clean diesel

Tags: CBO

Category: Producer News