In Washington, the Energy Information Agency reported that ethanol production last week reached a record of 982,000 barrels a day, up 12,000 barrels from the week before. In turn, the increased demand for ethanol is boosting corn prices, though strangely there is expectation of between 200 and 500 lots of delivery against the December corn […]
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In New York state, Bloomberg says corn-based RINs jumped to 53.5 cents, up 13% and the highest seen since Aug. 17. Rail congestion keeping ethanol in the Midwest along with the EPA’s delays in unveiling the 2014 RFS blending mandates are boosting RIN prices. Export demand is also having a hand in boosting RIN prices.
In Washington, in a letter sent to President Obama last week, the National Corn Growers Association and several agricultural allies asked him to intervene with the U.S. Environmental Protection Agency regarding its proposed cuts in the 2014 volume obligations for the Renewable Fuel Standard. “The blending targets and the methodology in your administration’s proposed rule […]
In Delaware, after bringing corn oil extraction aids to the market four years ago and proving they could help fuel ethanol producers capture up to three times more corn oil, Solenis has received a U.S. patent (Patent No. US 8,841,469 B2) for the use of chemical additives to improve the separation of corn oil in […]
In Illinois, more corn farmers have sued Syngenta over their GMO corn that is banned in China, the main import market for DDGS. The case filed in federal court in Chicago follows on the heels of another case where Cargill filed a $90 million claim against the company in Louisiana. A federal court in Charleston, South […]
In Illinois, ethanol prices are being supported by higher corn prices, which hit a five-week high on Monday of $3.46/bushel. CBOT corn prices have risen 7.25% during the period due to rains in the Midwest during harvest. As a result, ethanol prices hit $1.63/gal on Monday.
In Illinois, ethanol production has fallen 4.5% on the week to 889,000 barrels a day, the lowest volume since March, as margins begin to squeeze due to ethanol prices falling faster than corn prices. Margins are currently running at about 15 cents per gallon, down from 50 cents a month ago. With the corn harvest […]
In Iowa, researchers at Iowa State University’s Center for Agricultural and Rural Development have released a study showing that the effects of increasing ethanol mandates that are physically feasible to meet on the price of E10 are close to zero. This result is robust to different gasoline supply elasticities and gasoline export demand elasticities. The […]
In Missouri, the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri says larger corn and soybean crops translate into lower projected 2014/15 prices for many grains and oilseeds. Corn prices drop to $3.50 per bushel, soybeans to $9.92 per bushel and wheat to $5.91. In all three cases, these projected prices […]
In Illinois, Illinois Corn Marketing Board (ICMB) and the American Lung Association (ALA) recently chose Gilbarco Veeder-Root as their partner to help drive the adoption of higher ethanol blend fuel in Illinois. The partnership brings together three industry leaders to provide retailers a one-of-a-kind opportunity to make fuel dispensing equipment compatible with higher blends of […]