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.
Corn exports remain the clear demand leader.
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RealAg Radio host Shaun Haney explains shifting global trade dynamics and what they could mean for agriculture and energy markets.
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Rising diesel and energy costs are squeezing farmers and rural communities, increasing production expenses and raising concerns about consumer demand for beef even as U.S. meat exports regain the Australian market.
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