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January 23, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • AFBF members agree to continue supporting RFS
    A majority of delegates to the American Farm Bureau Federation's 94th annual gathering in Nashville, Tenn., last week voted to continue supporting the Renewable Fuel Standard. Although livestock growers are uneasy about the RFS, biofuel production is "a very large industry that employs lots of people and provides a market for a lot of products, so we need to be very careful not to have policies trying to dismantle that," said AFBF President Bob Stallman. (1/22) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • CBOT corn, NYMEX oil, ethanol futures advance
    March corn advanced 1 cent Tuesday to settle at $7.285 per bushel on the Chicago Board of Trade. Light sweet crude for February delivery rose 68 cents to close at $96.24 per barrel on the New York Mercantile Exchange. February denatured ethanol ended at $2.394 per gallon, up 1.9 cents, on the CBOT. Bloomberg Businessweek (1/22), MarketWatch (1/22) LinkedInFacebookTwitterEmail this Story
  • CME Group seeks feedback on extended trading hours
    An online survey was launched by the Chicago Board of Trade to gauge customer sentiment about its move to expand grain-trading sessions from 17 to 21 hours. "As we start a new year, we think the timing is right to review those changes and industry feedback more formally to ensure we're continually meeting our customers' needs," said Tim Andriesen, a managing director at CME Group, which operates the CBOT. Some traders are calling on the CBOT to reduce the trading hours, saying the longer cycle fuels volatility. Reuters (1/22) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Congress is asked to reinstate funding to farm bill's energy programs
    The Agriculture Energy Coalition is asking Congress to pass a new five-year farm bill with fully funded energy programs. "Farm energy programs have paid a tremendous return for rural Americans, in terms of new jobs, investments in new energy efficiency and bioenergy technology, and new biobased products," said Lloyd Ritter, co-director of the coalition. The "fiscal cliff" package approved by Congress earlier this month extended the 2008 farm bill but stripped its energy programs of funding. (1/22) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • EU plans countrywide 9.5% tariff on U.S. ethanol, documents show
    The European Commission is recommending an unusual countrywide 9.5% tariff on U.S. ethanol entering the EU after a 14-month anti-dumping probe indicated it is virtually impossible to trace shipments to individual producers, documents showed. The proposal must be approved by member states to take effect. Reuters (1/22) LinkedInFacebookTwitterEmail this Story
  • EU biofuels sector needs consistent policies, exec says
    The EU's biofuel industry needs predictable policies to keep growing, said Matti Lehmus, vice president of oil products for Neste Oil, at the Fuels of the Future summit in Berlin. The European Commission's proposal to limit the use of some biofuel feedstocks is not an ideal solution, but the EU must stick to it if it is adopted, Lehmus said. "If that is the model to be selected, it is important that we don't have additional models implemented in future," he said. Platts (1/22) LinkedInFacebookTwitterEmail this Story
  RFA & Member News 
  • Why You Should Attend the National Ethanol Conference
    The National Ethanol Conference is recognized as the preeminent conference for delivering accurate, timely information on marketing, legislative and regulatory issues facing the ethanol industry. "Adkins Energy is currently celebrating our 10th year of operations and we are proud to say that the NEC has been a valuable event for our company during each of these years. We have consistently sent management and board members to represent our company, giving our leaders the opportunity to network and learn something new. The NEC provides a perfect opportunity to meet with a broad range of people in the industry, and consistently bring back new ideas and strategies that will provide our company future value. The atmosphere is open and the venues are always accommodating -- it is great to know that you can be in one general area and have the ability to meet with everyone you hoped to without difficulty." Ray Baker, general manager at Adkins Energy, Lena, Ill. Learn more and register. LinkedInFacebookTwitterEmail this Story
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