The final rulemaking for the 2016 renewable fuel standard (RFS) won't result in much more demand for corn, according to Darrell Good's weekly outlook, "Ethanol Production and Corn Consumption Prospects for 2016," in the FarmDocDaily.
UNICA, the Brazilian sugarcane industry association, has announced mills in the south-central region of the country processed 25.61 million tons of sugarcane during the first half of November, up 10.71 percent from the same period of last year.
The U.S. EPA has released its long-anticipated final rule setting the 2014, 2015 and 2016 renewable volume requirements (RVOs) under the renewable fuel standard (RFS), along with the 2017 RVO for biomass-based diesel.
Positive aspects were found in the U.S. EPA's final rule establishing the renewable volume obligations for compliance with the renewable fuel standard, but the overall tone from associations responding immediately after the announcement was negative.
The table is set for several potential shifts in natural gas market dynamics that could impact end users. Market participants have gotten used to a well-supplied situation and generally low prices but the market is changing over the next 12 months.
DDGS prices have settled into a holding pattern. Prices have been steady for the last couple of weeks, and have only recently started to see more domestic demand.
John Oder claimed the Kearney Raceway Pro Class Points Championship in a come-from-behind victory Nov. 1. This was his first year racing on Ignite Fuel, a 90 percent ethanol and 10 percent gasoline blend.
The U.S. ethanol industry set a new weekly production record the week ending Nov. 20 with production averaging 1.008 million barrels per day. This is the first time weekly production has surpassed the 1 million barrel-per-day mark.
On Nov. 24, the Renewable Fuels Association hosted a press call featuring several experts in the field of biofuel life cycle greenhouse gas analysis and agricultural land use. The speakers addressed the flawed arguments made by ethanol opponents.
Harvest has wrapped up and yield reports have been better than expected. In the USDA's October supply and demand report, the government increased yields to 168 bushels per acre, up from the first new crop yield report in May.
Early November proved to be a trial for ethanol markets, which eroded 10 cents per gallon through the first two weeks of the month. Ethanol followed strong declines in both corn prices and RBOB gasoline markets during the same time period.
The International Trade Administration has announced a beta version of an interactive app to serve as a mobile business directory for U.S. clean energy exporters. Companies interested in participating are encouraged to contact the ITA.
On a press conference call Nov. 19, top executives from Fuels America announced the launch of a new ad campaign targeting President Obama and urging him to lead the world on climate by getting the renewable fuel standard (RFS) back on track.
The real cash cost of producing a bushel of corn and other crops is lower now than during the late 1970s, according to analysis by Ohio State University economist Carl Zulauf in a recent FarmDoc Daily post.
The Renewable Fuels Association has unveiled a redesigned version of its fuel market website E85prices.com. The revamped crowdsourcing site integrates mobile device compatibility so that users can access E85prices.com no matter where they are.
The U.S. Energy Information Administration recently released the November edition of its Short-Term Energy Outlook, predicting ethanol production will average more than 950,000 barrels per day this year and in 2016.
OK, so I admit I exaggerated just a wee bit in my headline. But it's not an exaggeration to say that, one, I find it very interesting and, two, if you haven't checked out what's been happening with the high octane fuel study, you really should.
Curious marketers are asking about ethanol because they are hearing about higher customer counts and better margins selling fuels that cost their customers less, writes Ron Lamberty. This column appears in the December issue of EPM.
USDA projects corn production higher with 169.3 bushel-per-acre yield. Changing sorghum dynamics mean more sorghum to be used for ethanol, lowering corn use for ethanol by 75 million bushels.
More than a fifth of Southern Asia and Oceania's annuals sales volumes were inked or discussed during a recent conference in Cambodia. The 335,000 metric tons traded that week market a new record.
USDA led a team of ethanol industry representatives to India to discuss opportunities for developing clean energy solutions, technologies and policies, aimed at strengthening the level of coordination and cooperation.
The corn crush for fuel ethanol, at 427.5 million bushels in September was down 4 percent from August and 5 percent from July, according to a Nov. 2 report. Corn consumed for dry mill fuel production was 89.8 percent and wet mill, 10.2 percent.
USDA Chief Economist Johansson calls report unique in that it centers on the pivotal role that ethanol plays in the crop and feed markets. It reviews the historical development of the industry, with multiple charts showing the change from 2000-'15.
DDGS prices are starting to work higher, after seeing their season lows at the beginning of October. U.S. buyers are picking up their usage, and demand from the export market, particularly for containers, has stayed pretty steady.
Harvest has wrapped up and yield reports have been better than expected. Aside from the Eastern Corn Belt, most areas of the Corn Belt are projected to outperform last year's yield numbers.
News that Chinese companies have petitioned the Chinese government to launch an anti-dumping investigation over imports of U.S. distillers grains is a factor in lowered distillers grains prices and slowed exports, but it's not the only factor.
As the U.S. natural gas market turns its eyes to 2016, there will be a new variable in the mix. After years of talking, financing, and construction, the first cargo of liquefied natural gas (LNG) is set to leave the U.S. Gulf Coast in Q1.
Through Q4, the ethanol market seems to be confined to a 10-cent trading range. It's trapped, not only by a range-bound corn market and a supply-burdened crude oil market which has pivoted around the $45 per barrel price level.
In the wake of the Petrobras scandal, the Brazil government shifted policy, reinstating the infrastructure tax on gasoline and raising gasoline prices in late 2014. Both moves made hydrous ethanol more competitive with gasoline.
Unprocessed feed grain exports accounted for less than 15 percent of U.S. production, but adding grain equivalents for value-added products, such as ethanol, DDGS and meat, raises that to 26 percent.
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