February 20, 2020
BY Erin Voegele
Advertisement
Advertisement
The U.S. exported 159.31 million gallons of ethanol and 1.06 million metric tons of distillers grains in March, according to data released by the USDA on May 2. Exports of both products were up when compared to both the previous month and March 2023.
In April, U.S. Grains Council member representatives, USGC Chairman Brent Boydston and Jake Comer, Growth Energy’s vice president of market development, joined organization staff in South Korea for the USDA’s Agricultural Trade Mission (ATM).
U.S. fuel ethanol production expanded by more than 3% the week ending April 26, according to data released by the U.S. Energy Information Administration on May 1. Stocks of fuel ethanol were down 1% and exports were down 42%.
The Treasury Department and IRS on April 30 released new guidance on the SAF tax credit and announced the launch of the 40BSAF-GREET 2024 model, which incorporates a pilot-program to encourage the use of climate-smart ag practices for SAF feedstocks.
Archer Daniels Midland Co. on April 30 released first quarter financial results, reporting improved earnings for Vantage Corn Processors subsegment, which includes the company’s dry mill ethanol plants.