Tag: corn

Impending bumper corn harvest seen pushing down prices to $4 a bushel

In Illinois, an expected bumper corn crop this year is seen weighing heavily on corn prices, with Goldman Sachs expecting corn to reach $4 a bushel in the next six months, down from $4.425 now, which is already 15% lower than the end of April. Bloomberg estimates that corn inventories are 35% higher, the biggest […]

June 26, 2014 More

Digest Dashboard launches – “news you can use” summary of key bioeconomy prices, data

In Florida, Biofuels Digest launched today its weekly Digest Dashboard, a convenient “news you can use” 5-Minute summary of current markets including key commodity prices, relevant futures, bioenergy-related stocks, and historical equities data. In the initial release, the Dashboard will summarize: Sector Equities. Friday closing prices, weekly moves, outstanding shares, market caps, most recent earnings […]

June 22, 2014 More

Ethanol, oil, corn duke it out in “The Battle of the Benjamins”

Corn producers, ethanol producers and crude oil refiners: locked in a rollercoaster of commodity prices, and a battle for market share and profits.  As the EPA readies to unleash its view of the future volumes of renewable fuels — who’s winning, who’s losing the “Battle of the Benjamins”? In their 1987 album release Document, the alternative […]

June 12, 2014 More

Study expects needed corn acres for ethanol to fall to just 11% by 2026

In Illinois, a new study has found that several factors will gradually lower the amount of land dedicated to corn for ethanol to as little as 11% of U.S. corn acres by 2026, when adhering to the EPA’s 15 billion gallon ceiling on domestic ethanol production. The study was done by researchers at the University […]

June 3, 2014 More

Corn ethanol producers fighting Philadelphia refinery owners over EPA mandate

In Washington, D.C., corn-based biofuel producers are fighting against a proposed ethanol mandate cut and a June deadline for the Environmental Protection Agency (EPA) to make a final decision. The ethanol industry claims that the proposed cut was coordinated by “Big Oil”, but could instead be linked to Philadelphia-area refinery owners, The Carlyle Group and […]

May 13, 2014 More

Scoular to start grinding corn for Hopewell ethanol plant in May

In Virginia, the Scoular Company will begin grinding corn in May to supply the re-vitalized ethanol plant in Hopewell owned by Vireol. The company began leasing the grain storage facility tied to the plant last August before Vireol decided it was going to keep the distillery in Virginia, rather than export it to the UK. […]

April 28, 2014 More

UK ethanol producers switching to corn in hopes of boosting margins

In the UK, ethanol producers are switching to corn from wheat in an attempt to improve distilling margins. Wheat consumption for ethanol production has fallen 2% during the first 21 weeks of the current 2013/14 marketing year. Corn imports for both industrial and human consumption are expected to increase 19% on the year to just […]

March 26, 2014 More

Feed analysts predict ethanol boom thanks to cheap corn

In Illinois, in about-face to the doom and gloom of recent months regarding the future of ethanol production and consumption in the US, feed analysts now expect demand for US corn ethanol exports to jump due to the exceptionally low price of corn at the moment. They also expect domestic demand to increase with the […]

February 25, 2014 More

Bloomberg survey shows Dec. 1 corn stocks highest since 1994

In Illinois, a Bloomberg survey of 24 analysts estimated that corn stocks on Dec. 1 were 10.764 billion bushels, the highest since 1994 and 34% higher than on the same date last year. Corn futures have fallen 40% in the past year and one analyst says corn could come down to $3.75 a bushel due […]

January 13, 2014 More

USDA OKs commerical sales of weed killer 2,4-D resistant seeds

In Wisconsin, the USDA OKed commercial sales of corn and soybean seeds genetically engineered to resist an weed killer 2,4-D, which at one time prominently figured in the herbicide known as Agent Orange, from the Vietnam War era. To date, no link has been established between 2,4-D and toxic effects of Agent Orange. It is […]

January 6, 2014 More