To kick off the 2012 Export Exchange attendees heard from keynote speaker Carl Casale, President and CEO of CHS, Inc., on the outlook for global grains and renewable energy. Casale started off stated that the outlook simply depends on lots of different things and we have to focus on what we do know. He left attendees with one question: Do …
Tractor Pulling with Biodiesel
The National Tractor Pullers Association (NTPA) is going to help promote biodiesel to its fans with the help of the United Soybean Board (USB). Beginning next season, all tractors will use B100 (100 percent biodiesel) in all pulling classes. The goal of the program is to increase biodiesel use among farmers, truck drivers and other diesel users who are a …
Paseo Biofuels Begins Expansion
Paseo Biofuels is making plans to expand their biodiesel facility located in Kansas City, Missouri by 40 percent. The plant uses soybean oil as its primary feedstock and currently produces 40 million gallons of biodiesel and 30 million pounds of glycerin each year. The expansion is expected to be completed by March 2013. “Our partnership with Paseo has gone very …
USDA Report Release Times to Change
USDA is changing the release time of certain key statistical reports beginning in January 2013. According to a USDA news release the National Agricultural Statistics Service (NASS) and World Agricultural Outlook Board (WAOB) will begin issuing several major USDA statistical reports at 12:00 p.m. EDT beginning in January 2013. The current USDA release time of 8:30 a.m. EDT will remain …
Tom Slunecka Joins Minnesota Soybean Growers
Tom Slunecka has been named the new executive director for the Minnesota Soybean Growers Association (MSGA) and Minnesota Soybean Research & Promotion Council. Prior to taking the helm of the soybean team on August 27, 2012, Slunecka was the vice president of marketing for PhibroChem where he focused on ethanol and animal agriculture. He also served as the executive director of the organization …
Getting More Products From Soybeans
During the 244th National Meeting & Exposition of the American Chemical Society a new integrated soybean biorefinery was revealed. The technology is designed to create a wider portfolio of products from soybeans. “Mention soybeans to most people, and they immediately think of the oil,” said Ramani Narayan, Michigan State (MSU) University Distinguished Professor, who reported on the new biorefinery technology. “Soybean …
Corn & Soybeans Down in USDA Report
The drought is certainly taking its toll on row crops, and that could be trouble for the nation’s biodiesel and ethanol makers. The latest USDA crop report out this morning shows that the corn harvest this year will be down 13 percent from last year’s numbers, with soybeans expected to be 12 percent lower than 2011. Corn production is forecast …
Ag Chief: Biodiesel Driving, Revitalizing Rural Economy
U.S. Secretary of Agriculture Tom Vilsack traveled back to Iowa today, praising biodiesel in his home state for driving and revitalizing rural America’s economy. In remarks during a meeting with Iowa biodiesel and farm industry representatives at the Soy Energy biodiesel production facility in Mason City, the USDA chief pointed to the green fuel as a demonstration of farmers bouncing …
Soy Checkoff Spotlights Biodiesel at Tractor Pulls
Soy-based biodiesel will once again be part of the National Tractor Pullers Association (NTPA) season this year, thanks to the sponsorship of the United Soybean Board (USB) and the soybean checkoff. As part of a larger strategy to promote soy biodiesel’s benefits among diesel users, the checkoff will once again co-sponsor the NTPA season of approximately 80 tractor pulls across …
Loss of EU Market Would be Costly for Biodiesel
The European Union’s renewable energy policy would lower U.S. soybean prices, according to a checkoff study, funded by the United Soybean Board. The study shows the EU’s Renewable Energy Directive, which currently excludes biodiesel made from U.S. soybean oil in renewable energy quotas, could decrease U.S. soybean prices by as much as 35 cents per bushel. If left unresolved the …