Tag: corn

Rapeseed prices on the rise in Europe as other ag prices plummet

Rapeseed prices on the rise in Europe as other ag prices plummet

May 1, 2016 |

In Germany, UFOP is reporting that rapeseed prices are the only prices that have surpassed 2015 levels, noting in particular that cereals and corn prices have seen a short dip. In April, Rapeseed prices shot up to the highest levels since 2015; April 2016 bids for rapeseed were on average EUR 349 per tonne ex […]

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Summit Agricultural Group breaks ground on Brazil’s first corn ethanol plant

Summit Agricultural Group breaks ground on Brazil’s first corn ethanol plant

April 4, 2016 |

In Brazil, Summit Agricultural Group has broken ground on its corn ethanol production facility, Brazil’s first dedicated corn ethanol plant. The $115 million facility is expected to be completed mid-2017 and will produce 50 million gallons annually for Brazilian markets in addition to high-value feed for the Brazilian livestock industry. Summit expects the facility to […]

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Shock rise in corn production leads to price plunge

Shock rise in corn production leads to price plunge

April 3, 2016 |

In grains, the big news has been the USDA prospective plantings report, which has corn up to 93 million acres in 2016, up 5 million over last year, and it was an unexpected gain given that stock levels of grain are high now. Big stocks plus a big planting equals even bigger ending stocks — […]

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Prospective Plantings: The Digest’s 2016 8-Slide Guide to corn, soy, sorghum, wheat acreage

Prospective Plantings: The Digest’s 2016 8-Slide Guide to corn, soy, sorghum, wheat acreage

April 3, 2016 |

The Prospective Plantings report provides the first official, survey based estimates of U.S. farmers’ 2016 planting intentions. U.S. corn growers expect to plant 93.6 million acres to corn this year, according to the Prospective Plantings report released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). This is the first increase in […]

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Abengoa’s Nebraska corn creditors pushing hard to get paid

Abengoa’s Nebraska corn creditors pushing hard to get paid

March 29, 2016 |

In Nebraska, the corn suppliers that are still owed $4 million for delivered corn to Abengoa Bioenergy have said in court filings that they should be paid from the $41 million bankruptcy bailout loan before work starts to get the Ravenna ethanol plant back online. They are worried that revenues into the plant once it […]

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Creditors go after Abengoa Bioenergy’s emergency bankruptcy loan

Creditors go after Abengoa Bioenergy’s emergency bankruptcy loan

March 23, 2016 |

In Nebraska, some of Abengoa Bioenergy’s creditors who are owed more $3 million for corn and other products and who have filed suit to force the company to liquidate in order to pay off bad debts are going after the $41 million emergency bankruptcy loan. The bankruptcy judge dealing with the case has already allowed […]

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Heartland Institute report claims RFS damages economies in the corn belt

Heartland Institute report claims RFS damages economies in the corn belt

March 22, 2016 |

In Utah, researchers from Utah States University and Strata Policy have released a report for the Heartland Institute that examines the history and impact of government subsidies for the corn ethanol industry on the U.S. economy as a whole and also on specific “corn belt” counties. They are primarily concerned with the impact of the […]

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USDA adjusts 2014/15 corn consumption lower by 9 million bushels

USDA adjusts 2014/15 corn consumption lower by 9 million bushels

March 9, 2016 |

In Washington, the USDA’s estimate for 2014/15 corn consumption to produce ethanol fell by 9 million bushels, according to the latest monthly Grain Crushings and Co-Products Production 2015 Summary report published March 1. Its overall estimates for corn production during 2015/16 fell by 1.6 million tons due to lower production in South Africa and the […]

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China prepares to offload 10 million tons of old corn stocks for ethanol

China prepares to offload 10 million tons of old corn stocks for ethanol

February 22, 2016 |

In China, with stocks of old corn on hand from back as far as the 2011/12 harvest, the government is preparing to auction off as much as 10 million metric tons ahead of its annual auctions typically set for April. With much of the corn thought to be below standard for animal feed, ethanol production […]

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Pine Lake Corn Processors signs up to to install the first Whitefox ICE Solution in the Midwest

Pine Lake Corn Processors signs up to to install the first Whitefox ICE Solution in the Midwest

February 17, 2016 |

In Louisiana, Whitefox Technologies Limited has signed an agreement with Iowa-based Pine Lake Corn Processors to install the first Whitefox ICE™ Solution in the Midwest. PLCP operates a 30-million gallon per year ethanol plant in Steamboat Rock, Iowa. Whitefox’s technology reduces energy consumption, increases production efficiencies and contributes to the production of low-carbon ethanol. Whitefox’s […]

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