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 […]
In Washington, the US Department of Agriculture predicts a corn harvest this fall of 14.4 billion bushels, a record crop with the highest yield per acre in US history at 171 bushels per acre. Corn ending stocks for the 2014/15 marketing year are projected at 2 billion bushels — the highest since 2004/05. Meanwhile, prices […]
In Illinois, Darrel Good, an Agriculture economist with the University of Illinois Extension, has published an article asserting that the USDA September 1st corn stocks estimates aren’t as important as the previous three years, when “stocks were generally small and the U.S. average corn yield was below trend value.” Said Good, “the market expectation is […]
In Iowa, Corn Oil ONE has broken ground for its new distillers corn oil facility in Council Bluffs, to be collocated with a Southwest Iowa Renewable Energy ethanol plant. The plant will purify constituents out of distillers corn oil with a patent-pending process. The purified product will “improve the efficiency, efficacy and economics of biodiesel […]
In Iowa, IngeniOz has produced a 100% pure vodka, claiming to be the purest vodka in the world. The process is based out of Iowa State University and involves alcohol production by the fermentation of corn syrup and starch and then distilling the product six times. IngeniOz vodka is treated further by ozone oxidation, activated carbon […]
In the US, nearby corn futures have seen new contract lows, with low prices benefitting end-users like ethanol producers, causing unusually high margins. With the big crop looming, new crop carry-out is expected to increase but low prices will encourage future demand in 2015. Despite the lows, various private analysts have released final yield estimates […]
In Illinois, ethanol producers are expected to consume about 5.1 billion bushels of corn this year, based on the expectation of 14.1 billion gallons of ethanol. The boost in production over the previous year is a result of higher demand, more exports, fewer imports and rebuilding stocks after high corn prices due to drought reduced […]