Ethanol futures tumble on lower production costs
July 25, 2016
BY Rick Kment, DTN
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In June, the U.S. Grains Council signed a renewed MOU with Vietnam’s Ministry of Agriculture and Environment to strengthen bilateral trade of animal feed and biofuels and expand technical support to the Vietnamese agricultural industry.
U.S. fuel ethanol production was down 1% the week ending June 13, according to data released by the U.S. Energy Information Administration on June 18. Stocks of fuel ethanol were up nearly 2% and exports were up 8%.
The USDA hosted a trade mission to Lima, Peru, from June 9-12 aimed at expanding market access and boosting U.S. agricultural exports. The agency identified ethanol as one of the products for which there is strong export opportunity.
The USGC and the Secretariat of Energy Development of the State of Tamaulipas in May signed a MOU establishing a cooperative framework to promote ethanol vehicle programs to decarbonize public transportation and support U.S. ethanol exports.
The U.S. Department of Commerce on June 10 confirmed the termination of 14 discretionary federal advisory committees, including one aimed at boosting the competitiveness of U.S. renewable energy and energy efficiency exports
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