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.
Mike Steenhoek with the Soy Transportation Coalition joins us to discuss the proposed federal gas tax suspension, fuel cost pressures, and what the policy could mean for agriculture and transportation.
China’s soybean buying is shifting hard toward Brazil, leaving U.S. shipments at risk of slowing as South America’s record crop reaches export channels
EU simplification may reduce some paperwork, but U.S. exporters still face costly traceability requirements.
U.S. grain export inspections stayed solid for the week ending May 7, with corn still leading the export pace and soybeans posting a strong weekly rebound.
U.S. beef imports are running at a record pace while exports are falling, reflecting tight domestic cattle supplies and high U.S. beef prices.
Cattle analysts say the U.S. beef cattle herd rebuild still faces major hurdles despite some minor positive signals noted in certain regions.
