In Illinois, Chicago corn futures have fallen below $4 a bushel after the Energy Information Agency reported that ethanol production fell by 25,000 barrels per day last week on shrinking crush margins. Some ethanol plants are already running in the red with margins at just 21 cents per gallon, but increasing DDGS demand has lifted […]
In 2015, corn prices are expected to return to “more reasonable levels” as the demand side remains supportive. For the first quarter of the marketing year, USDA projected corn used for ethanol at 5.2 billion bushels, slightly higher than last year. Ethanol production was about 5 percent larger than the same quarter last year, compared […]
In Iowa, the state produced a record 3.9 billion gallons of ethanol in 2014 from 43 facilities, in large part thanks to a bumper corn crop that brought the price of feedstock down to create very profitable margins. High gas prices for much of the year as well as increased demand for ethanol exports also […]
In Georgia, Randy Dowdy has set the world record for corn yield with an average of 503 bushels per acre using DEKALB corn seed genetics. Dowdy achieved the record as part of the 2014 National Corn Growers Association’s (NCGA) 50th Annual National Corn Yield Contest. The Georgia growing season started off with challenging weather conditions. […]
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 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.
Breaking the cycle of “agricultural landfill”: can cellulosic ethanol offer a path to more no-till farming?
Could diverting agricultural residues for cellulosic ethanol solve the problem of tilling agricultural residues into the topsoil — and help provide a path towards pristine soils not seen since the days of prairie sod? DuPont says, amidst the focus on renewable fuels, cellulosic ethanol’s potential contribution to sustainable agriculture can get overlooked. “The secret to […]
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 […]