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December 13, 2012
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The News Source for the Ethanol Industry

  Top Story 
  • U.S. was a net importer of ethanol in Oct.; DDGS exports rose
    U.S. ethanol exports increased to 53.6 million gallons in October, up 8.6% from September and the most since July, writes Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association. Ethanol imports were estimated at 72.4 million gallons, of which 56.2 million gallons came directly from Brazil while the rest came via Caribbean Basin Initiative countries, Cooper notes. Exports of distillers dried grains with solubles totaled 620,341 metric tons, up 3.3% from the previous month and the highest since July, Cooper states. E-Xchange blog (12/12) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • CBOT corn, ethanol extend losses; NYMEX oil climbs
    March corn settled at $7.255 per bushel Wednesday, down 2.5 cents, on the Chicago Board of Trade. January light sweet crude gained 98 cents to close at $86.77 per barrel on the New York Mercantile Exchange. January denatured ethanol shed 1.9 cents to extend its losing streak to five sessions, settling at $2.32 per gallon, on the CBOT. Bloomberg Businessweek (12/12), MarketWatch (12/12) LinkedInFacebookTwitterEmail this Story
  • U.S. ethanol output fell last week; supplies rose
    U.S. ethanol output declined to 824,000 barrels per day last week, down 1.3% from the prior week and the lowest in four weeks, according to the Department of Energy. Supplies of the fuel rose to 20 million barrels, up 3.6% from the week before and the most since June 29, the agency said. Ethanol imports plummeted to 12,000 barrels per day, from 92,000 barrels per day in the previous week, the agency reported. Bloomberg Businessweek (12/12) LinkedInFacebookTwitterEmail this Story
  • Economist: $5.50-per-bushel corn possible if yield normalizes in 2013
    The price of corn could drop to $5.50 per bushel if domestic production returns to normal in 2013, said Chris Hurt, an agricultural economist at Purdue University. "If the drought risk were to be eliminated, then new-crop prices would likely drop," Hurt said. However, if the drought continues in key production areas, new-crop corn prices could rise to $8.50 per bushel, he stated. (12/12) LinkedInFacebookTwitterEmail this Story
  • Struggling ethanol plant in Ore. to temporarily ship crude oil
    The struggling Columbia Pacific Bio-Refinery ethanol plant in Clatskanie, Ore., has received state approval to temporarily store crude oil. The plant's owner, Cascade Kelly Holding, will receive oil and ethanol by rail from the Midwest and ship them out of the Columbia River by barge, said Mark Fleischauer, a co-manager of the facility. Cascade Kelly Holding does not discount the possibility of resuming ethanol production at the facility in the future. The Daily News (Longview, Wash.) (12/13) LinkedInFacebookTwitterEmail this Story
  Technology & Trends 
  • Cellulosic feedstock supply chains are shaping up
    Recent announcements from Woodland Biofuels, Sweetwater Energy and a collaboration involving Delta BioRenewables, Commonwealth Agro-Energy and Ceres suggest that cellulosic feedstock supply chains are finally starting to firm up, writes Jim Lane. More options in sweet sorghum, crop waste, wood and affordable cellulosic sugars are "welcome news for producers looking for lower cost inputs," Lane states. "Touchdowns may well be on the horizon," he adds. (12/12) LinkedInFacebookTwitterEmail this Story
  • It's slime's time to shine, says Sapphire Energy
    Sapphire Energy, which produces oil from algae, has spent $60 million constructing 70 football-field-sized slime ponds and is refining its first barrels of bio-oil. The facility will produce about 100 barrels of oil a day for now, with commercial-scale production of up to 10,000 barrels a day hoped for by 2018. CNNMoney/Fortune (12/11) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Bipartisan group of lawmakers wants MLPs allowed for renewables
    A bipartisan group of lawmakers is pushing legislation that would amend the U.S. tax code to allow renewable-energy investors to create master limited partnerships, a tax structure already available to fossil-fuel projects. "Small tweaks to the tax code could attract billions of dollars in private sector investment to renewable energy deployment," the lawmakers wrote in a letter to President Barack Obama. Reuters (12/12) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  RFA & Member News 
  • Preliminary Agenda for NEC is Now Available
    The preliminary agenda for the 18th Annual National Ethanol Conference is now available. This year's program highlights how the ethanol industry continues to evolve to meet the demands of a rapidly changing marketplace. With the RFS under fire and recent natural environment setbacks, the global market-driven atmosphere in which the industry must compete comes with new challenges. Industry leaders and experts will address how we are meeting these new demands by accelerating innovation in technology, marketing, logistics and feedstocks for the production of advanced ethanol. Conference session highlights include: perspectives on the future of the RFS, expanding renewable fuels globally, co-product considerations, tax policies critical to the future of the industry, future fuels and higher octane, and a panel discussion on E15. Don't miss this opportunity. Register for the National Ethanol Conference today. LinkedInFacebookTwitterEmail this Story
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  Editor's Note 
  • Correction
    An item in the Dec. 12 RFA SmartBrief misstated the amount of grain supplies the U.S. ethanol industry is projected to use. The industry will use 78.9 million metric tons. SmartBrief regrets the error. LinkedInFacebookTwitterEmail this Story
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