Ethanol prices on a volatile pattern
April 16, 2013
BY Rick Kment
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On May 6, the Nebraska Ethanol Board joined Nebraska Gov. Jim Pillen in proclaiming May as Renewable Fuels Month. Nebraska is the country’s second largest ethanol producer, with more than 2 billion gallons of production capacity.
The Trump administration on May 8 announced a new trade deal with the U.K. that the White House said will create a $5 billion export opportunity for U.S. farmers, ranchers and producers, including more than $700 million in ethanol exports.
Reps. Zach Nunn, R-Iowa, and Nikki Budzinski, D-Ill., on May 7 introduced a bill that aims to update USDA’s Section 9003 program to expand access to grants, streamline loan guarantees and provide $100 million in mandatory funding over five years.
U.S. fuel ethanol production fell by nearly 2% the week ending May 2, according to data released by the U.S. Energy Information Administration on May 7. Stocks of fuel ethanol were down 1% and exports were down nearly 9%.
The U.S. Energy Information Administration maintained its outlook for 2025 and 2026 fuel ethanol production in its latest Short-Term Energy Outlook, released May 6. The outlook for fuel ethanol exports was lowered.
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