Export Exchange 2016, sponsored by the Renewable Fuels Association (RFA) and the U.S. Grains Council (USGC), was held this past week in Detroit, Michigan with over 400 attendees, including some 200 international buyers and end users from more than 35 countries. The event is held every other year to bring together international buyers and domestic suppliers of coarse grains and …
Keeping Exports on the Move
With yet another record grain crop this year, having the transportation infrastructure to keeping it moving is more important than ever. “Transportation is everything,” said Ken Eriksen with Informa Economics at this week’s Export Exchange, sponsored by the Renewable Fuels Association (RFA) and the U.S. Grains Council. Eriksen says grain exports are expected to set a record this year at …
Supply Demand Outlook for DDGS at #ExEx16
At Export Exchange 2016 in Detroit this week, Renewable Fuels Association (RFA) Senior Vice President Geoff Cooper delved into the supply-demand outlook for U.S. ethanol industry co-product exports, with a focus on distillers dried grains with solubles (DDGS). “We’re looking at record ethanol production this year, so obviously we’re going to be producing a record amount of distillers grains as …
Megatrends Mean New Opportunities at #ExEx16
A number of global megatrends can mean new opportunities for agribusiness moving forward, according to Chris Nolan with PricewaterhouseCoopers (PwC), who gave the keynote address at the 2016 Export Exchange this week in Detroit. Nolan identified five global megatrends – demographic shifts, global economic power shifts, accelerating urbanization, resource scarcity, and evolving technology – that provide opportunities for the agricultural …
USGC Chairman Bullish on #ExEx16
The chairman of the U.S. Grains Council is attending his first Export Exchange this week in Detroit and he is very impressed. Maryland farmer Chip Councell says he is amazed by the number of attendees and the prospects that the event offers for U.S. grain suppliers. “We have over 200 international customers from 35 countries,” said Councell. “It’s a great …
#ExEx16 Considers Election Impact on Trade
Renewable Fuels Association president and CEO Bob Dinneen had the unenviable task of talking about the U.S. presidential election to an international audience at Export Exchange 2016 today in Detroit. “I know half of you are sick to death of the election and just want it over, and half of you are watching in somewhat bemused amazement wondering what in …
Hundreds in Detroit for #ExEx16
Hundreds of buyers and sellers of U.S. coarse grains and ethanol co-products have arrived in Detroit for Export Exchange 2016 and even though they are from more than 30 countries they are busy making connections and building relationships. The event, which has been held every two years since 2010, is co-sponsored by the U.S. Grains Council (USGC) and the Renewable …
RFA Offering NEC Student Scholarships
Once again the Renewable Fuels Association (RFA) is offering six scholarships for college students interested in learning more about ethanol by attending the National Ethanol Conference (NEC). The annual event will take place February 20-22, 2017 in San Diego, California. Scholarships will cover the cost of the conference registration fee of $899. Recipients are responsible for other costs including travel …
Congress Urged to Extend Biofuel Tax Incentives
It’s time once again for the annual push to Congress to extend tax incentives before the end of the year, a plea which is usually ignored. Renewable energy organizations sent letters to Congressional leadership this week calling for a multi-year extension of the Second Generation Biofuel Producer Tax Credit, the Special Depreciation Allowance for Second Generation Biofuel Plant Property, the …
#Ethanol Breaking Through Blend Wall
The average amount of ethanol in the nation’s gasoline supply hit a new record last week of 10.4 percent, just breaking through the 10% blend wall for the second time in a month, according to the latest data from the Energy Information Administration (EIA). The EIA Weekly Supply Estimate shows that an average of 8.798 million barrels per day (mbpd) …