Tag: corn

China’s data redo shows 20% higher corn production in 2017

China’s data redo shows 20% higher corn production in 2017

November 13, 2018 |

In China, showing just how important proper data collection is, Reuters reports that following a major data overall the country has determined that its 2017 corn production was 20% higher than originally reported at nearly 216 metric million when the actual production was 259 million tons. Some analysts speculated that the larger crop was due […]

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Indiana corn farmers “harvest” thank you note to Trump for E15

Indiana corn farmers “harvest” thank you note to Trump for E15

October 22, 2018 |

In Indiana, Western Journal reports that corn farmers carved a thank you message to President Trump in their fields in response to the President’s move to make E15 sales year-round. The agriculture secretary tweeted a photo of the thank you message that was mechanically harvested out of a 60-acre field. The secretary says the message […]

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U.S. talks with Japan, 2nd largest buyer of U.S. corn

U.S. talks with Japan, 2nd largest buyer of U.S. corn

September 30, 2018 |

In Washington, D.C., leaders of the United States and Japan, one of the largest U.S. grain customers and second largest buyer of U.S. corn after Mexico, announced that the two countries would pursue trade talks. The impact on agriculture is to be determined in the talks. The country is also a strong purchaser of sorghum, […]

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Trump to promise new biofuel blend policy to corn belt states

Trump to promise new biofuel blend policy to corn belt states

September 27, 2018 |

In Washington, D.C., President Trump is likely to announce a new policy soon to allow more ethanol blended gasoline to be sold year-round, according to E&E News sources. Corn and biofuel advocates have been pushing for the allowance of gasoline retailers to sell E15 during the summer months, when fuel demand is at its highest. […]

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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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