Tag: Illinois

Chicago paper ethanol market flips to a premium over Argo

Chicago paper ethanol market flips to a premium over Argo

January 10, 2017 |

In Illinois, the ethanol paper market flipped to a premium over physical Argo ethanol for the first time since mid-August 2016. The contango position is seasonal as demand slips while producers continue to chug out fuel, taking advantage of low feedstock prices and high crush margins. With ethanol production at an all time high during […]

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Researchers find sweet sorghum and sugarcane can cut biorefinery down time

Researchers find sweet sorghum and sugarcane can cut biorefinery down time

January 10, 2017 |

In Illinois, today many biofuel refineries operate for only seven months each year, turning freshly harvested crops into ethanol and biodiesel. When supplies run out, biorefineries shut down for the other five months. However, according to recent research, dual-purpose biofuel crops could produce both ethanol and biodiesel for nine months of the year–increasing profits by […]

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FCStone sees corn prices remaining flat until after planting

FCStone sees corn prices remaining flat until after planting

January 4, 2017 |

In Illinois, FCStone says the trend for the range-bound corn market December is likely to remain flat until after planting is complete. Farmer may switch some acres to soybeans that have been more profitable due to lower production in Latin America, which could in turn support corn prices when planting numbers come out. Until then, […]

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Record-breaking ethanol production pressures Chicago prices into backwardation

Record-breaking ethanol production pressures Chicago prices into backwardation

December 19, 2016 |

In Illinois, end of the year tightness in the Chicago ethanol market has led to a 20% premium for the December swap at $1.8050/gal over the January paper price of $1.57/gal. The backwardation in the market is the largest seen in two years. January and February prices are heavily weighed upon by record production coming […]

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ADM to set up renewable natural gas project at Decatur facility

ADM to set up renewable natural gas project at Decatur facility

December 12, 2016 |

In Illinois, Archer Daniels Midland Co. recently announced a project in which renewable natural gas, produced as a byproduct at ADM’s corn processing facility in Decatur, Illinois, will be distributed by Ameren Illinois into the nation’s natural gas infrastructure. Methane is a natural byproduct of the anaerobic digestion process from ADM’s Decatur wastewater treatment facility. […]

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Tight Chicago ethanol market sees Argo jump more than 8 cents in a day

Tight Chicago ethanol market sees Argo jump more than 8 cents in a day

December 12, 2016 |

In Illinois, Chicago Argo ethanol prices jumped more than 8 cents per gallon to $1.84/gal on Friday, the largest inter-day price increase seen in two years. Prices are near a two-year high due to a lack of sellers in the market, indicating a lack of readily available product. Exports in October were the highest since […]

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Midwest averages an ethanol spill every two days

Midwest averages an ethanol spill every two days

December 12, 2016 |

In Illinois, the Midwest Center for Investigative Reporting found that the Midwest saw 173 ethanol spills in 2015, up from 36 in 1985 but below 2013’s high of 2011, bringing the average to about one spill every second day. Illinois has seen more than 1,100 spills since 1985, the most in the region, coming in […]

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University of Illinois Urbana-Champaign develop method to lower dry grind ethanol production process costs

University of Illinois Urbana-Champaign develop method to lower dry grind ethanol production process costs

December 7, 2016 |

In Illinois, new research at the Integrated Bioprocessing Research Laboratory on the University of Illinois Urbana-Champaign campus could significantly change ethanol production by lowering operating costs and simplifying the dry grind process. “There are currently more than 200 dry grind plants that are processing corn to produce ethanol,” says Vijay Singh, director of IBRL and […]

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Chicago Argo ethanol prices edge towards six-month high thanks to shrinking stocks and exports

Chicago Argo ethanol prices edge towards six-month high thanks to shrinking stocks and exports

December 6, 2016 |

In Illinois, Chicago Argo ethanol is edging close to a six month high at $1.71/gal on Monday thanks to robust exports mixed with falling stocks, down by more than half a million barrels on the week last week. Corn futures prices have rallied recently to $3.4950/bushel on Monday, providing further support to prices. Ethanol exports […]

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University of Illinois Urbana-Champaign makes dry grind breakthrough

University of Illinois Urbana-Champaign makes dry grind breakthrough

November 23, 2016 |

In Illinois, new research at the Integrated Bioprocessing Research Laboratory (IBRL) on the University of Illinois Urbana-Champaign campus could significantly change ethanol production by lowering operating costs and simplifying the dry grind process. “There are currently more than 200 dry grind plants that are processing corn to produce ethanol,” says Vijay Singh, director of IBRL […]

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