There were not many changes in the February World Agriculture Supply and Demand Estimate (WASDE) report out today, except in the corn department. Corn used for ethanol is projected 50 million bushels higher on a higher-than-expected November final ethanol production estimate and weekly ethanol data that indicate record output for December and January. USDA chief economist Joe Glauber says ethanol …
Sunoco Green E15 Ready to Race
The 53rd running of the Daytona 500 is around the corner, February 20, to be exact, and when this event takes place, it will mark the beginning of a new era – the era of NASCAR running on Sunoco Green E15. This 2011 season, all three national NASCAR series will be running on this American made, American produced fuel and …
NASCAR Partnership With American Ethanol
NASCAR is in the middle of making an announcement of a “major long-term partnership with American Ethanol which is being led by Growth Energy. You can see a video that was just published below. I hope to have some audio from the announcement added after the official public announcement which is taking place in Las Vegas as of this posting. …
Corn Growers Adopt New Logo
The National Corn Growers Association has unveiled a new logo for their identity. It’s the first time the organization has adopted a new brand in many years. “In August, we reached a record membership level of 36,216 individual dues paying members,” said NCGA President Bart Schott, a corn farmer in Kulm, N.D. “We’ve also got a record number of entries …
USDA Speaks, Ethanol Industry Reacts
The ethanol industry praised USDA Ag Secretary Tom Vilsack today and expressed gratitude for his department’s commitment to fulfill the administration’s goal of transitioning to renewable energy. This morning at the Press Club in DC, Vilsack announced a series of measures aimed at supporting the rural economy and reducing dependence on foreign oil that include support for corn-based ethanol. “The …
ACE, NCGA, UNICA React to EPA’s E15 Decision
In an EPA press conference this morning, Assistant Administrator for Air and Radiation Gina McCarthy announced that an E15 Waiver, originally requested by POET and championed by Growth Energy along with other industry allies, was now approved for model year 2007 and newer vehicles and light duty trucks. E15 is not, however, approved for use by other types of vehicles …
Anti-Ethanol Camp Exit Tents Prepared to Attack
The anti-ethanol camp has exited their tents today to hold a press conference against the suggested changes to VEETC and the ethanol tariff that the ethanol industry proposed last week. In response, the four organizations that are leading the charge to create a new road map for ethanol have jointly responded to the attack. In a statement released today from …
Corn Crop Lower But Ethanol Stays Steady
Corn production for this year was cut by four percent in the latest forecast out this morning from USDA, a bigger drop than expected by the industry. Corn production is now forecast at 12.7 billion bushels, down 3 percent from last year’s record production of 13.1 billion bushels. Yields are now expected to average 155.8 bushels per acre, down 6.7 …
NCGA President Says DDGS Sales Conference Critical
One of the attendees I spoke with this morning at the Export Exchange 2010 conference is the President/CEO of the National Corn Growers Association, Rick Tolman. I asked Rick what he thought about the conference and its importance to the industry. Rick says it’s critically important and that the DDGS export market is one of the bright spots in the …
VeraSun Creditors Drop Corn Repayment Suit
Back in August, dozens of corn growers who sold corn to bankrupt VeraSun plants across the country in 2008 received letters asking them to repay the money. Should the farmer not comply, the letters threatened to take legal action but stipulated that they would accept payment to 80 percent of what the farmer received for their corn sales to VeraSun. …