I have been letting Chuck do the talking this week covering Clean Cities and Ethanol Day. Now it’s time to catch up on some Domestic Fuel news:
Senator Tom Harkin (D-IA) announced a new biofuels policy in the Senate, while House Ag Democrats unveiled a comprenesive biodiesel energy package.
The U.S. Department of Agriculture’s latest price forecast for corn predicts that ethanol will contribute to higher prices this year. USDA officials expect corn prices to average $2.45 per bushel in the coming marketing year, up more than 22 percent from last year. Lots of stories out there about it, here’s a link to the Des Moines Register piece.
Missouri Corn Growers have their ethanol bill. Governor Matt Blunt is expected to sign a statewide ethanol standard that mandates gasoline sold in Missouri contain 10 percent ethanol. The bill passed overwhelmingly in both houses.