Tag: corn

Chinese corn stocks could drive further demand for US corn and DDGS

Chinese corn stocks could drive further demand for US corn and DDGS

July 11, 2016 |

In China, as much as 20% of the country’s corn reserves—the total of which represent half of the world’s corn reserves—are likely to be spoiled and unfit for human consumption which has led to a spike in imports over more than 1 million metric tons in both April and May predominantly from the US and […]

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Ethanol crush margins highest in eight months

Ethanol crush margins highest in eight months

June 28, 2016 |

In Illinois, ethanol producers are benefiting from the highest crush margins seen in eight months thanks to falling corn prices ahead of the next crop and steady ethanol demand from summer driving season. Platts estimates that the price differential converts into a crushing margin of 23.21 cents/gal compared to 23.53 cents/gal last seen last October. […]

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China’s US DDGS imports already falling due to corn destocking policy

China’s US DDGS imports already falling due to corn destocking policy

May 26, 2016 |

In China, demand for American DDGS imports is already starting to feel the pinch of China’s new destocking policy for corn with March imports falling to 121,619 metric tons from 469,354 tons in March 25. It’s a fraction of the imports seen in June 2015 of 967,529. The country’s ongoing investigation into potential dumping of […]

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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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