Tag: corn

Brazilian poultry giant concerned about competition with ethanol plants for corn

Brazilian poultry giant concerned about competition with ethanol plants for corn

September 19, 2018 |

In Brazil, Reuters reports that the country’s largest poultry producer has flagged the potential for increased competition for corn in the center-west region due to increased ethanol production. The company is concerned that increased demand for corn will raise its feed costs and negatively impact its margins. Ethanol production from corn remains a small fraction […]

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Second-highest corn crop on record could push down feedstock prices even further

Second-highest corn crop on record could push down feedstock prices even further

September 13, 2018 |

In Washington, Platts reports that USDA data shows corn stocks will grow in the next season well above market expectations to 1.774 billion bushels for 2018/19. As such, excess supplies will continue to weigh on prices, helping to improve crushing margins for ethanol producers who are suffering from multi-year low prices. Higher yields account for […]

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Ethanol production remains steady thanks to low corn prices

Ethanol production remains steady thanks to low corn prices

August 30, 2018 |

In Washington, Platts reports that Energy Information Administration data shows ethanol production ending the week of August 24 fell only 3,000 barrels per day from the previous week at an average of 1.07 million bpd. Falling corn prices ahead of the upcoming harvest have kept margins high enough to promote further ethanol production. About half […]

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Corn ethanol on the rise in Brazil

Corn ethanol on the rise in Brazil

August 23, 2018 |

In Brazil, Bloomberg reports that more than 30 corn-based ethanol plants are under development that will create a major shift in the country’s predominantly sugarcane-based ethanol industry. Estimates show that 1 billion liters of corn-based ethanol will be produced this year but with 31 billion liters of demand and the sugarcane industry weakened by low […]

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Ukrainian corn could benefit from China-US trade war but only if longer term

Ukrainian corn could benefit from China-US trade war but only if longer term

August 2, 2018 |

In the Ukraine, Platts speculates that the country could benefit from China’s ongoing trade war with the US where American corn exports face an additional retaliatory tariff of 25% but only if the tariffs are longer term because short term China’s corn stocks are full. On the other hand, with US corn no longer going […]

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Corn farmers and ethanol plants eligible for $1.51 billion Syngenta settlement

Corn farmers and ethanol plants eligible for $1.51 billion Syngenta settlement

April 17, 2018 |

In Kansas, farmers who grew Viptera and Duracade varieties of corn between 2013 and 2017 are eligible for up to $22.6 million of the $1.51 billion settlement with Syngenta for selling GMO corn seed that was not yet approved by the Chinese government, while a whopping $1.438 billion will go to farmers who didn’t grow […]

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Advanced BioEnergy will expand Aberdeen corn storage and receiving capacity

Advanced BioEnergy will expand Aberdeen corn storage and receiving capacity

April 10, 2018 |

In Minnesota, Advanced BioEnergy, LLC announced it will build an initial 800,000 bushels of year-round corn storage and related grain receiving capabilities at its Aberdeen, South Dakota ethanol plant. The plans include the ability to expand the total year-round corn storage by an additional one million bushels in the future. The grain receiving facility will […]

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Ukraine corn prices soaring on Chinese demand for ethanol

Ukraine corn prices soaring on Chinese demand for ethanol

March 28, 2018 |

In the Ukraine, Platts reports that corn prices are soaring on the back of China’s ethanol drive and increased demand from Egypt, pushing prices up beyond $200 per metric ton during much of March, hitting a 20-month high on March 12 of $209/ton. Late April and May typically brings higher prices for corn as stocks […]

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Al Corn receives first corn to commission expansion in early April

Al Corn receives first corn to commission expansion in early April

March 19, 2018 |

In Minnesota, Al Corn will bring online its $146 million expansion in early April, well ahead of the original July commissioning date, having receiving its first bushels of corn last week.  Boosting its corn consumption to 46 million bushels from 17.5 million to produce 120 million gallons of ethanol from the previous 50 million gallons, […]

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Too much corn leading to lower profits for farmers

Too much corn leading to lower profits for farmers

January 27, 2018 |

In Illinois, corn farmers are selling crops at a loss to makers of ethanol or animal feed because of excess supply of food-grade corn. Many farmers switched or added different strains of corn in order to diversify and get premium prices for nice products like white corn which can often be sold at a premium, […]

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