SOURCE: CropEnergies
September 19, 2022
BY Erin Voegele
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The USDA National Agricultural Statistics Service on Nov. 8 slightly reduced its forecasts for 2024 corn production and yield. Even with those reductions, corn yields are expected to set a record at 183.1 bushels per harvested acre.
The USDA maintained its forecast for 2024-’25 corn use in ethanol production in its latest World Agricultural Supply and Demand Estimates report, released Nov. 8. The agency increased its estimate for 2023-’24 corn use in ethanol.
Among the current primary focus areas for the U.S. Grains Council are sustainable aviation fuel, building and expanding global markets and encouraging parallels between U.S. carbon programs and others around the world.
Alto Ingredients Inc. on Nov. 6 released Q3 financial results, announcing an agreement with Vault 44.01 related to a CCS project in Illinois and indicating the company is considering idling its Idaho ethanol plant in response to falling margins.
U.S. operable biofuels capacity was at 24.9 billion gallons per year in August, down slightly from the previous month, according to data released by the U.S EIA. Feedstock consumption was up when compared to the previous year.