The Renewable Fuels Association (RFA) hosted a webinar this morning to discuss the new USDA Prospective Planting and Grain Stocks reports and what they indicate for America’s supply of corn and how demand from ethanol production might play into food pricing this year. Some of the main points made by RFA VP of Research and Analysis Geoff Cooper about the …
Corn Stocks are Down, Plantings Expected Higher
USDA expects more five percent more corn to be planted this year according to the Prospective Plantings report released this morning, but stocks are down 15% from last year at this time. Corn growers intend to plant 92.2 million acres of corn for all purposes this year, up 5 percent from last year and 7 percent higher than in 2009. …
Ethanol Group to Host Webinar on Plantings Report
The first big crop report of the season is due out on Thursday and the ethanol industry is ready to interpret what it means for them. Following the release of the U.S. Department of Agriculture’s prospective plantings forecast in the morning, the Renewable Fuels Association (RFA) will host a webinar to detail what the report means and how America’s supply …
RFA Says Ethanol Evolution Must Be Part of US Energy Future
As President Obama was preparing to outline his vision for America’s energy future in Washington this week, the president of the Renewable Fuels Association (RFA) sent a letter to Obama urging him to reaffirm his commitment to the continued evolution of America’s ethanol industry. In this “Ethanol Report” interview, RFA President and CEO Bob Dinneen notes that no other energy …
Grassley Hopes to Avoid Vote on Ethanol Tax Credit
Sen. Chuck Grassley (R-IA) is hoping to avoid a vote in the Senate on the amendment introduced last week by Sen. Tom Coburn (R-OK) that would repeal the Volumetric Ethanol Excise Tax Credit (VEETC). Grassley said today during his weekly agricultural media conference call that there are two ways the vote can be avoided. “Either talking him out of it, …
Speculation, Not Ethanol, Driving Corn Prices
Erratic behavior on the futures market for corn over the past few weeks is evidence that paper bushels, not ethanol, are driving corn prices, according to Renewable Fuels Association president and CEO Bob Dinneen. “Corn futures prices have tumbled by $1/bushel just since March 3, as huge index and hedge funds and other large speculators are pulling out of the …
Ethanol Interests Urge Defeat of VEETC Amendment
Legislation that would immediately repeal the Volumetric Ethanol Excise Tax Credit, or VEETC, is drawing criticism from ethanol interests. U.S. Senators Tom Coburn (R-OK) and Ben Cardin (D-MD) this week introduced the repeal as an amendment to the small business reauthorization bill, currently under consideration in the Senate. “The ethanol tax credit is bad economic policy, bad energy policy and …
Sen. Klobuchar Introduces Ethanol Legislation
A bill introduced yesterday by Sens. Amy Klobuchar (D-MN) and Tim Johnson (D-SD) called the Securing America’s Future with Energy and Sustainable Technologies (SAFEST) Act establishes strong renewable energy and energy-efficiency standards, incentives for developing biofuels and biofuel infrastructure, and targets for the availability of advanced vehicle technologies. More specifically, the legislation would establish new incentives for biofuels infrastructure and …
Corn Ethanol Walks the Line Song
Here’s another video clip from the ethanol producer group known as “Green Floyd” that played at the recent National Ethanol Conference. The Green Floyd band is made up of Frontline Bioenergy CEO Bill Lee, Neil and Tom Koehler with Pacific Ethanol and Paul Kamp with Inbicon. This song is a parody of Johnny Cash’s “I Walk the Line” with lyrics …
New Study – More Ethanol Commitment Needed to Meet RFS2
In a new study from Air Improvement Resource, Inc. (AIR) commissioned by the Renewable Fuels Association (RFA), the requirements of the Renewable Fuels Standard (RFS2) can be met with ethanol if more infrastructure is put into place. In addition, more flex-fuel vehicles (FFVs) are needed. The report concludes that if “blender pumps” are made available at nearly one-third of the …