Tag: Illinois

Smaller corn acreage seen cutting 2017/18 ending stocks

Smaller corn acreage seen cutting 2017/18 ending stocks

February 21, 2017 |

In Illinois, analysts expect farmers to plant fewer corn acres this spring with a focus instead on more soybean production, a decision that will lead to tighter ending stocks in 2017/18 that will in turn boost production costs for ethanol that could shrink margins if ethanol prices don’t rise in line with the increased corn […]

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Midwest ethanol prices to fall as Kinder Morgan diverts shipments away from Argo

Midwest ethanol prices to fall as Kinder Morgan diverts shipments away from Argo

February 14, 2017 |

In Illinois, although ethanol producers have slowed down production rates in line with recently-negative margins, a lack of storage at Kinder Morgan’s Argo facility has forced the company to stop shipping ethanol to the key transportation hub as of noon Tuesday. Instead, it is being diverted to nearby Stony Island for an undetermined amount of […]

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Western Illinois University researchers making progress on pennycress gene editing

Western Illinois University researchers making progress on pennycress gene editing

February 13, 2017 |

In Illinois, researchers at Western Illinois University are using gene editing on pennycress in an attempt to reduce seed shattering, among other traits, that will make the winter annual more viable for biodiesel feedstock, allowing soy farmers to grow an extra crop. Changing the color of flowers to yellow is also high on the gene […]

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ADM says will hold on to dry mill ethanol plants as it seeks better shareholder value

ADM says will hold on to dry mill ethanol plants as it seeks better shareholder value

February 8, 2017 |

In Illinois, Archer Daniels Midland’s CEO said the company is holding off on selling its dry mill ethanol plants in hopes of ensuring more value for shareholders when potential new tax structures come into place such as the proposed cut in corporate tax rates to 20% from the current 35% as proposed by the Speaker […]

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ADM offsets Q4 losses with strong ethanol results but market starting to turn

ADM offsets Q4 losses with strong ethanol results but market starting to turn

February 7, 2017 |

In Illinois, it appears that Archer Daniels Midland hasn’t been able to successfully offload its dry mill ethanol plants before margins went into negative territory. In its Q4 reporting this week, no mention was made of the future of the plants. The company’s corn processing unit saw better results thanks to steady demand for ethanol […]

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NY Harbor premium over Chicago Argo slips as growing stocks weigh on demand

NY Harbor premium over Chicago Argo slips as growing stocks weigh on demand

February 6, 2017 |

In Illinois, as the US ethanol market sees record production levels, nine-month highs of stocks and a switch to negative crush margins, the premium for New York Harbor above Chicago Argo narrowed to 6.75 cents on Friday from 8 cents the week before. Increased inventories in the East Coast region have weighed on demand, pulling […]

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DDGs exports look to speed up exports to Mexico before trade relationship sours further

DDGs exports look to speed up exports to Mexico before trade relationship sours further

February 2, 2017 |

In Illinois, in light of President Donald Trump’s continuingly poor relationship with Mexico from threatening import taxes on Mexican goods and seeking to renegotiate NAFTA, DDGs producers and others are looking to ramp up exports to Mexico in a hurry before the trade situation deteriorates further. Potential alternative markets for DDGs should Mexico, the US’s […]

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RIN prices continue to fall in face of Trump uncertainty

RIN prices continue to fall in face of Trump uncertainty

January 31, 2017 |

In Illinois, RIN prices continue to fall as uncertainty over what the Trump Administration will do regarding the Environmental Protection Agency and the Renewable Fuels Standard in particular. Prices for 2016 and 2016 D6 RINs fell to a 14-month low on Tuesday to 45 cents, down 7.5 cents, while D4 RINs for 2016 and 2017 […]

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Company looks to revive never-finished Illinois biodiesel plant

Company looks to revive never-finished Illinois biodiesel plant

January 30, 2017 |

In Illinois, Newton Biodiesel has been formed to try to recuperate the partially completed 30 million gallon per year biodiesel facility in Newton that never came online despite expectations it would do so in 2011. Though it isn’t clear yet who exactly is behind the new company and what experience they have, city officials are […]

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Chicago Argo at five-month low as production and stocks weigh

Chicago Argo at five-month low as production and stocks weigh

January 25, 2017 |

In Illinois, Chicago Argo ethanol prices sunk to $1.4205/gal, the lowest in five months, as large stocks of 21.115 million barrels and ever-higher record production of 1.054 million b/d weighed on prices. Stocks increased by more than 1 million barrels while gasoline demand fell to a two-year low. With demand having fallen off from China […]

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