Tag: corn

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UK ethanol producers switching to corn in hopes of boosting margins

In the UK, ethanol producers are switching to corn from wheat in an attempt to improve distilling margins. Wheat consumption for ethanol production has fallen 2% during the first 21 weeks of the current 2013/14 marketing year. Corn imports for both industrial and human consumption are expected to increase 19% on the year to just […]

March 26, 2014 More

Feed analysts predict ethanol boom thanks to cheap corn

In Illinois, in about-face to the doom and gloom of recent months regarding the future of ethanol production and consumption in the US, feed analysts now expect demand for US corn ethanol exports to jump due to the exceptionally low price of corn at the moment. They also expect domestic demand to increase with the […]

February 25, 2014 More

Bloomberg survey shows Dec. 1 corn stocks highest since 1994

In Illinois, a Bloomberg survey of 24 analysts estimated that corn stocks on Dec. 1 were 10.764 billion bushels, the highest since 1994 and 34% higher than on the same date last year. Corn futures have fallen 40% in the past year and one analyst says corn could come down to $3.75 a bushel due […]

January 13, 2014 More

USDA OKs commerical sales of weed killer 2,4-D resistant seeds

In Wisconsin, the USDA OKed commercial sales of corn and soybean seeds genetically engineered to resist an weed killer 2,4-D, which at one time prominently figured in the herbicide known as Agent Orange, from the Vietnam War era. To date, no link has been established between 2,4-D and toxic effects of Agent Orange. It is […]

January 6, 2014 More

GTL Resources joins with QTI-AMG on corn hybrid fractionation technology

In Illinois, GTL Resources USA Inc., owner of Illinois River Energy LLC, and Quality Technology International Inc., through its subsidiary, QTI-AMG LLC, announced that they have formed a partnership to collaborate on a new, transformative hybrid fractionation technology for corn, dubbed NextGen Frac. This novel technology solves the serious starch loss and co-product purity problems […]

December 24, 2013 More

Midwest farmland bust possible if RFS gutted

In Illinois, fears of a farmland bust in the Midwest on the back of falling corn prices—in part due to lower ethanol demand from a gutted RFS—could see farmland fall by 30% during the next three years, after rising an average of 72% in the past three years. Mortgage busts are expected if corn prices […]

December 17, 2013 More

Brazil seriously looking at corn ethanol to tame surplus

In Brazil, the country’s agriculture secretary says the ministry is exploring subsidies for ethanol production from corn and is looking to develop a policy to support its production. The country’s corn production has doubled in the past 11 years and the secretary says that ethanol is likely the best outlet for the surplus because it’s […]

December 2, 2013 More

Ethanol futures jump after corn production outlook falls short

In Illinois, as outlooks for US corn production and inventories fell short of estimates, ethanol futures jumped up 2.4%, the biggest gain since October 3. Ethanol’s discount to gasoline also widened 1.13 cents to 87.94 cents per gallon. “Both corn output and inventories were a big surprise,” Renato Dias, a Campinas, Brazil-based analyst for Intl […]

November 11, 2013 More

Record corn harvest in US, says USDA

The U.S. Department of Agriculture (USDA) today estimated that the 2013 corn crop will achieve a new record of 13.99 billion bushels, 7% larger than the previous record and a whopping 30% larger than last year’s drought-shortened crop. USDA expects yield to average 160.4 bushels per acre, the second-highest yield on record. The report also […]

November 11, 2013 More

Ethanol discount to gasoline widens as ethanol production picks up

In Illinois, the corn harvest is finally picking up across the Midwest, meaning that ethanol production is back in full swing. The increased supplies have led to lower prices and widening of the discount with gasoline. On Wednesday the spread reached 84.88 cents per gallon after ethanol production was higher than analysts expected, coming in […]

October 31, 2013 More