Consistent and uncertain were the two words Matthew Fitzthum with CHS, Inc. used to describe the market for dried distillers grains with solubles (DDGS) right now. Fitzthum, who is Co-Products Commodity Trading Manager at CHS Inc and serves as chair of the Renewable Fuels Association co-products committee, spoke at last week’s Export Exchange. “We consistently make about the same amount …
RFA Pleased to Co-Sponsor Export Exchange
The Renewable Fuels Association (RFA) was pleased to co-sponsor the biennial Export Exchange last week for the sixth time. The Export Exchange was first held under that name in 2010 under the co-sponsorship of RFA and the U.S. Grains Council and 2022 marked number six, since 2020 was missed due to COVID. RFA Vice President of Regulatory Affairs Kelly Davis …
USDA Forecasts Lower for Corn
USDA has lower forecasts this month for corn production, supplies, exports, and ending stocks. The August Crop Production report from USDA’s National Agricultural Statistics Service (NASS) estimates corn production down 5% from last year, forecast at 14.4 billion bushels while soybean growers are expected to increase their production by two percent from 2021 to 4.53 billion bushels. In this month’s …
Industry Stakeholders Discuss Distillers Feed Products
The National Corn Growers Association (NCGA) recently held the first Distillers Feed Products Nutrition Roundtable, bringing together livestock and poultry producers, animal nutrition experts, and ethanol technology providers to discuss the changing number and nutrient profile of distillers feed products. As the profile of distillers feed products change, challenges and opportunities arise. Beef, pork, poultry, and dairy experts, Drs. Dan …
2018 Second Highest Year for Distillers Grains Exports
U.S. exports of the ethanol co-product distillers grains (DG) were the second-highest on record in 2018, totaling 11.88 million metric tons (MMT), according to a new report from the Renewable Fuels Association (RFA). An estimated 31 percent of U.S. DG production was exported in 2018, meaning nearly one out of every three tons produced was exported to 50 countries on …
Iowa Makes $2.8B Grain Deal with Taiwan
A trade team from Taiwan visited Iowa last week and signed letters of intent to purchase $2.8 billion worth of U.S. grains over the next two years. The deal includes corn, soybeans, wheat, and the ethanol co-product distillers dried grain with solubles (DDGS). Iowa Corn Promotion Board (ICPB) Director Mark Heckman signed the letter of intent between ICPB and the …