Early risers will now have a little more time to electronically trade futures contracts for ethanol on the Chicago Board of Trade (CBOT). Electronic trading hours for CBOT grains, oilseeds and ethanol contracts will be expanded in the morning by one hour and fifteen minutes, until 7:15 a.m., starting July 1. The new electronic trading hours will run from 6:00 …
More Time for Higher Ethanol Blend Comments
The Environmental Protection Agency is allowing another 60 days for comments on the proposal to allow an increase in the amount of ethanol that can be blended into regular gasoline. The original public comment period was to end on May 21 and will now end on July 20. Growth Energy CEO Tom Buis said, “We are aware of over 10,000 …
More Corn for Ethanol and Exports
The U.S. Department of Agriculture is expecting more corn to be made into ethanol and exported overseas this year, but less to be fed to livestock. According to the May World Agricultural Supply and Demand Estimates released on Tuesday morning, total U.S. corn use for 2009/10 is projected to be three percent higher than the current year with higher expected …
Corn Ethanol Done Right
Corn growers and ethanol producers have joined forces for a new ad campaign stressing how corn-based ethanol gets biofuels right. The campaign includes a full-page ad running in Politico, a Capitol Hill newspaper. The print ad stresses important facts about corn and ethanol, such as the increase in yields over the last 20 years, the decrease in the amount of …
Corn Growers Adding Value to Ethanol
Iowa corn growers are investing in a corn oil and animal feed processor plant to add value to corn ethanol. The investment in Merrill, IA-based Plymouth Oil Company is being made through Iowa Corn Opportunities, an equity fund established by the Iowa Corn Growers Association for investment and business development. “Plymouth Oil Company represents an important step forward for the …
Corn Ethanol Positives in RFS Announcement
Corn ethanol seems to have made out better than expected in the proposed rulemaking for the Renewable Fuels Standard (RFS) under the 2007 Energy Independence and Security Act (EISA) announced this week by the Obama administration, mainly because it allows the industry to provide more input regarding indirect land use impacts. The National Corn Growers Association (NCGA) is pleased with …
Valero Honors Portion of Corn Contracts for Ethanol
Corn farmers who had contracts to provide corn for ethanol plants owned by bankrupt VeraSun are being offered a deal by Valero Energy, which purchased some of the company’s assets. Valero officials say they are offering farmers with forward contracts a bonus of 40 percent of the difference between the cash price for corn and the futures price on the …
Corn Farmers Provides Facts About Land Use
Last week’s ruling by the California Air Resources Board on a low carbon fuel standard that penalizes corn ethanol on the basis of indirect land use has mobilized corn growers to get the facts out about the environmental impact of the nation’s largest crop. “It’s a little known fact that we are growing five times as much corn as our …
Ethanol Watching CARB Arguments
All eyes in the ethanol industry are on California today as the state’s Air Resources Board (ARB) is hearing arguments and preparing to vote on a controversial staff proposal for the state’s low carbon fuel standard (LCFS). Hundreds of scientists, biofuel producers, including both current and next generation companies, and petroleum interests have all cautioned that ARB’s approach is far …
Ethanol Blending in Nebraska
Motorists in Grand Island, Nebraska now have a range of choices at the pump when it comes to ethanol blended gasoline. Six ethanol blender pumps were unveiled last week providing flexible-fuel vehicle owners with the option of using E85, E30, E20 or the traditional E10 blend of gasoline. “If you drive a flex-fuel vehicle, you don’t have to fill up …