Articles tagged under: Ethanol
Loan Guarantees and Interest Buydowns for ND Ethanol Plants
Published May 1, 2020
The North Dakota Industrial Commission has approved a $50 million loan guarantee and interest buydown program for the state’s ethanol industry. With ethanol plants shutting down across the country, the North Dakota Ethanol Producers Association said this program will help…Another Economic Stimulus Package Being Discussed
Published April 24, 2020
Discussions on a fourth coronavirus stimulus package are underway. For agriculture, the big debate could be structuring more aid for the industry moving forward. "Some people will look at getting more funds for the Commodity Credit Corporation, others will prefer…Unusual Times Continue for U.S. Ethanol Industry
Published April 22, 2020
Renewable Fuels Association chief economist Scott Richman says the recent oil market decline is a sign of these unusual times. "It's reflective of the demand destruction for transportation fuels," says Richman. "It's hard to get supply and demand in balance."…New Analysis Highlights COVID-19 Impact on Ethanol
Published April 21, 2020
The coronavirus is having a swift and sharp impact on the U.S. ethanol industry. A new analysis by the Renewable Fuels Association says U.S. ethanol sales could decline by $10 billion due to the COVID-19 pandemic and crude oil glut.…Lower Demand Will Stick Around Awhile
Published April 20, 2020
Crude oil traded at its lowest level since 1988 on Monday. That weighed on the corn market. "Even with the cuts of supply OPEC came out with last week, it still won't touch the drop in demand," says Rich Morrison,…U.S. Corn Exports are a Bright Spot
Published April 16, 2020
U.S. grain prices have fallen enough to make them competitive globally. Standard Grain president Joe Vaclavik says corn exports are a bright spot. "While ethanol suffers, we're probably going to see much better corn export demand and demand in the…More Corn Acres Could Challenge Prices
Published April 16, 2020
In a new analysis, the American Farm Bureau Federation says U.S. farmers may need to scale back corn acres to support prices. The March USDA Prospective Plantings report is forecasting 97 million corn acres to be planted this year. Farm…Lower Crude Oil Demand Drives Ag Commodities
Published April 15, 2020
The collapse in the demand of crude oil continues to drive the ag commodities lower. "The production cut was by 10 percent, but some people are saying demand for gasoline dropped 30 percent," explained Clayton Pope, president, Clayton Pope Commodities.…Poor Ethanol Margins Continue
Published April 14, 2020
Ethanol margins remain extremely poor with Reformulated Gasoline Blendstock for Oxygen Blending gasoline prices continuing to trade at a discount to ethanol prices. Kluis Commodities market analyst Jacob Burks says the ethanol market has been severely scarred. "There are still…