In Illinois, corn prices continue to weaken in large part because of expectations that demand from ethanol producers will be lower. A strong dollar means more ethanol imports and fewer exports while the blend wall has domestic demand fairly stagnant. Expectations of another bumper crop are also weighing down prices.
In Washington, the head of the National Corn Growers Association and the Renewable Fuels Association issued a joint letter to Congress urging the immediate reform of the RFS to reduce ethanol demand from the Midwest. But don’t worry, it was just a cleverly-written April Fools Day joke.
In Illinois, researchers at the University of Illinois Urbana-Champagne tested pig diets containing 30 percent conventional DDGS (DDGS-CV), high-protein distillers dried grains (HP-DDG), or uncooked DDGS (DDGS-BPX), and compared them with a corn-soybean meal basal diet. They conducted one experiment using growing pigs and another experiment using finishing pigs to determine if the stage of […]
In Ohio, Ohio Corn Marketing Program, in partnership with the American Lung Association of the Upper Midwest and the American Lung Association of the Midland States, is pleased to announce, The Ethanol Infrastructure Grant Program, a new grant funding opportunity for petroleum marketers to significantly expand the reach of ethanol compatible fuel in the Ohio […]
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 […]