June 4, 2018
BY Erin Voegele
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The U.S. exported 195.8 million gallons of ethanol and 1.03 million metric tons of distillers grains in March, according to data released by the USDA on May 6. Exports of both products were up when compared to February.
ADM on May 6 reported improved first quarter earnings for its ethanol segment on higher production volumes and improved margins. Margins were slightly negative but are expected to improve during the second quarter.
According to a new economic contribution study released by the Iowa Renewable Fuels Association on May 6, Iowa biofuels production has begun to reflect stagnant corn demand throughout the agriculture economy.
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Reps. Mike Carey, R-Ohio, and Mariannette Miller-Meeks, R-Iowa, on May 1 introduced legislation that aims to retroactively extend the biodiesel blenders tax credit (BTC) and the second-generation biofuel producer tax credit.