Ethanol groups have been closely watching events out of Washington since the election. They have set their focus on exports next year and are looking to places like Indonesia and Vietnam.
“Those countries are looking at going to E15 plans, potentially taking that to an E-10, 10% ethanol plant. We were talking about India already being one of the major destinations for ethanol. India is trying to go over the next couple of years to a 20% ethanol blend. So, there are plenty of opportunities overseas for U.S. ethanol producers. We just have to keep on growing those markets over time,” said Renewable Fuels Association’s Scott Richman.
Richman says he is hopeful Congress can pass a year-round E15 bill before the session ends. He says it is well past time and would strengthen the domestic supply.
Dr. Faith Parum discusses fertilizer market conditions, Farm Bureau’s new strategic fertilizer report, and policy options to strengthen the U.S. fertilizer supply chain.
USDA Under Secretary for Trade Luke Lindberg discusses the Port of Seattle’s role in ag exports, meetings with Washington producers, and the administration’s priorities for trade and expanding export opportunities.
The delegation toured farms, fields and grain facilities to learn more about U.S. wheat and export opportunities.
A Senate proposal would require congressional approval for some tariffs as lawmakers also push to advance the next farm bill before the August recess.
Renewable Fuels Association data show ethanol output climbed as exports nearly doubled.
Fund selling, weaker demand and upcoming USDA reports are adding uncertainty to the cattle market.
