COVID Cuts Revenue Prospects for Corn Crop

Cindy Zimmerman

A new analysis from the National Corn Growers Association (NCGA) is projecting a drastic drop in 2020 revenues as a result of the COVID-19 pandemic with impacts persisting into 2021. NCGA President Kevin Ross says the latest analysis projects a $59 per acre average revenue decline for the 2019 corn crop and an $89 per acre average revenue decline for …

Audio, Corn, Ethanol, NCGA

President Trump at Iowa Ethanol Plant – One Year Later

Cindy Zimmerman

It was one year ago today that President Donald Trump made a victorious visit to Southwest Iowa Renewable Energy (SIRE) ethanol plant in Council Bluffs, Iowa, to celebrate regulatory changes that would finally allow year-round retail sales of 15% ethanol (E15). At the event, the President also heard from farmers and ethanol industry leaders about the devastating impact of RFS …

Audio, Corn, Ethanol, NCGA, RFA

Ag and Biofuel Groups Ask Congress for COVID-19 Relief

Cindy Zimmerman

America’s top biofuel and farm advocates are calling on Congress to ensure the next round of COVID-19 relief includes U.S. ethanol and biodiesel production. A joint letter to House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell was signed by the Renewable Fuels Association, Growth Energy, the National Biodiesel Board, the American Farm Bureau Federation, the National Corn Growers …

Ag Groups, ASA, Biodiesel, Biofuels, Corn, Ethanol

Analysis Shows $50 Per Acre Loss for Corn

Cindy Zimmerman

A new analysis from the National Corn Growers Association (NCGA) is projecting a $50 per acre revenue decline for the 2019 corn crop as a result of the COVID-19 pandemic. The analysis showed cash corn prices since March 1 have declined by 16 percent on average, with several regions experiencing declines of more than 20 percent. NCGA commissioned the economic …

Corn, Ethanol, NCGA

Ethanol Industry Losses Mount

Cindy Zimmerman

As the COVID-19 pandemic and crude oil glut continue to ravage world fuel markets, U.S. ethanol sales in 2020 could fall by more than $10 billion and the industry’s contribution to gross domestic product (GDP) could drop by nearly one-third, according to a new analysis by the Renewable Fuels Association (RFA). The economic losses stem from a “pernicious combination of …

Audio, Corn, Ethanol, RFA

Corn Utilization & Technology Conference Postponed to 2021

Chuck Zimmerman

Here is the latest news of an event that I always look forward to. The Corn Utilization and Technology Conference (CUTC) has been postponed. This calendar keeps becoming more and more open. Given the on-going uncertainty regarding safety, gathering and travel due to the COVID-19 pandemic, the 2020 Corn Utilization and Technology Conference will be postponed until June 7-9, 2021. …

Ag Groups, Corn, CUTC, NCGA

Lower Ethanol Demand Could Impact Planting Decisions

Cindy Zimmerman

USDA’s 2020 Prospective Plantings report released Tuesday estimates planted acres for corn this year at 97.0 million acres, up 8 percent or 7.29 million acres from last year. But when farmers were surveyed a month ago, coronavirus had yet to have the impact it is now having on ethanol demand and prices thanks to a drastic cut in demand for …

Audio, Corn, Ethanol, RFA

USDA Forecasts Increased Corn and Bean Acres

Cindy Zimmerman

USDA’s 2020 Prospective Plantings report released Tuesday forecasts eight percent more corn acres this year compared to 2019 and ten percent more soybean acres. Corn planted area for all purposes in 2020 is estimated at 97.0 million acres, up 8 percent or 7.29 million acres from last year. Compared with last year, planted acreage is expected to be up or …

Audio, Corn, Planting, Soybean, USDA

Syngenta News from Commodity Classic

Cindy Zimmerman

Syngenta had a couple of big announcements at the 2020 Commodity Classic, including a collaboration with Truterra (formerly Land O’Lakes SUSTAIN) to offer a “step-change in stewardship and conservation best practices for U.S. growers while helping them focus on maximizing acre-by-acre productivity and profitability.” This technology-based alliance will make use of data analytics from both the Truterra™ Insights Engine and …

Audio, Commodity Classic, Corn, Soybean, Sustainability, Syngenta

Rural Leaders Urge Trump to Support Farmers

Cindy Zimmerman

Farmer leaders and biofuel producers from the Midwest today expressed their concerns about news that the Trump administration has reversed course and decided to side with oil companies in their court battle against biofuels. The debate centers around a unanimous court decision that would halt the Environmental Protection Agency’s (EPA) abuse of Small Refinery Exemptions (SREs) under the Renewable Fuel …

Ag Groups, ASA, Audio, Corn, Ethanol, NCGA