BY Erin VoegeleFound In:Operations, Markets, Feedstocks, Coproducts, Business, PolicyThe ethanol sector continued to recover during the fourth quarter of 2020 with production levels up 3.5 percent when compared to the third quarter, according to a new quarterly report released by CoBank’s Knowledge Exchange on Jan. 14. READ MORE
BY Erin VoegeleFound In:FeedstocksThe USDA’s National Agricultural Statistics Service released its 2020 Crop Production Annual Summary on Jan. 12, reporting that increased acreage and higher yields allowed corn to return to more typical production levels.
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BY Erin VoegeleFound In:Feedstocks, BusinessThe USDA lowered its prediction for 2020-’21 corn use in ethanol in its latest WASDE report, released on Jan. 12. The forecasts for corn production, feed and residual use, exports, and ending stocks were also lowered. READ MORE
BY Erin VoegeleFound In:Feedstocks, Business, PolicyThe USDA’s Commodity Credit Corp. announced on Dec. 23 that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2020, which runs from Oct. 1, 2020 through Sept. 30, 2021.
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BY Erin VoegeleFound In:Operations, Feedstocks, Coproducts, BusinessThe USDA recently released its Grain Crushings and Co-Products Production report for December, reporting that corn use for fuel ethanol production reached 433 million bushels in October, up from the previous month, but down from October 2019.
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BY Erin VoegeleFound In:Operations, Markets, Feedstocks, Coproducts, BusinessCoBank on Dec. 17 issued a report on the year ahead, predicting the 2021 outlook for ethanol is stable but guarded, with considerable growth and margin opportunities favoring ethanol coproducts versus fuel.
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BY Erin VoegeleFound In:FeedstocksThe USDA maintained its forecast for 2020-’21 corn use in ethanol production in its latest World Agricultural Supply and Demand Estimates report, released Dec. 10. The forecasts for U.S. corn supply, use and price were also unchanged. READ MORE
BY Erin VoegeleFound In:Feedstocks, Business, PolicyPresident-elect Joe Biden has announced he will nominate Tom Vilsack as secretary of agriculture. Vilsack is a former two-term governor of Iowa who served as secretary of agriculture during all eight years of the Obama-Biden administration.
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BY U.S. Grains Council Found In:FeedstocksThe 2020/2021 U.S. corn crop – entering marketing channels now – has a higher average test weight, lower moisture and lower total damage relative to each quality factor’s average of the previous five crops, according to the U.S. Grains Council. READ MORE