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Commodities: Corn market continues bullish run

April 24, 2014

BY Jason Sagebiel, FCStone

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Industry responds to Brazil upholding 18% tariff on US ethanol

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By Renewable Fuels Association, Growth Energy and the U.S. Grains Council

4 hours ago

MarketsPolicy

The Foreign Trade Chamber at Brazil’s Ministry of the Economy has upheld an 18% tariff on U.S. ethanol. RFA, Growth Energy and USGC expressed disappointment in the decision and said they will continue to work to rectify the unfair tariff treatment.

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The U.S. Grains Council’s regional office for Europe, the Middle East and Africa held its second Buyers’ and Sellers’ Conference in Mombasa, Kenya in June to establish commercial connections between U.S. feed grain exporters and African importers.

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The SkyNRG Sustainable Aviation Fuel Market Outlook covers the current state and trends of the SAF market in the EU and U.K., the U.S. and rest of the world by assessing announcements of SAF projects and mapping out the capacity until 2050.

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U.S. fuel ethanol production fell by nearly 5% the week ending June 7, according to data released by the U.S. Energy Information Administration on June 12. Stocks of fuel ethanol were up nearly 1% and exports were up nearly 2%.

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The USDA maintained its forecast for 2024-’25 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released June 12. The overall 2024-’25 U.S corn outlook was also unchanged relative to last month.

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