Ag Notes


WILL - Ag Notes - November 25, 2014

Corn Used for Ethanol Ramping Up

by Todd E. Gleason

The price of ethanol has rallied over the last month, spurring greater production. If the pace were maintained for the marketing year total consumption could push 5.4 billion bushels says K-State Extension Ag Economist Dan O'Brien, with the caveat that this is not likely to happen. Still, as you'll hear, he concedes it is possible.

Categories: Agriculture

WILL - Ag Notes - November 21, 2014

U.S. EPA Delays 2014 RFS Rule Making

by Todd E. Gleason

Scott Irwin, University of Illinois Ag Economist specializing in the Renewable Fuels Standard, discusses the U.S. EPA announcement to delay an RFS decision until 2015.

U.S. EPA’s Janet McCabe - she’s an Acting Assistant Administrator - today signed a document and submitted it for publication in the Federal Register… that’s the document of record in Washington, D.C. The document says U.S. EPA will not finalize rule making for the 2014 RFS before the end of the calendar year. The agency was supposed to wrap that up at the beginning of the calendar year, but became mired in policy and technical issues related to changes proposed about a year ago. 

It now says the 2014 rules will be made before or in conjunction with the 2015 announcement. 

Logistically there are some log jams that will need to be dealt with related to RINs certificates from 2012. Those expire after two years. EPA says it will extend the expiration, but that the certificates will be in limbo until a new way to move them can be developed. 

So, again the big news in at the ag world today is related to ethanol. U.S. EPA has decided it will not make an RFS announcement for compliance and usage numbers until sometime in 2015. 

Categories: Agriculture



WILL - Ag Notes - November 13, 2014

Transportation is the Opportunity & the Problem

by Todd E. Gleason

Agricultural commodity prices in the United States have been moved more than usual over the past couple of years by transportation issues. University of Illinois Ag Economist Darrel Good says the railroad is pushing basis prices sharply lower and sharply higher. It may provide marketing opportunities.

Categories: Agriculture

WILL - Ag Notes - November 10, 2014

USDA Reports Provide Some Surprises, Particularly for Corn

by Darrel Good - University of Illinois

Based on the worn adage that “big crops get bigger”, analysts generally expected the USDA’s November Crop Production report to contain larger forecasts for the size of the current U.S. corn and soybean harvest. The soybean production forecast was larger, but the corn forecast was smaller than the October forecast.

The U.S. soybean crop is now forecast at 3.958 billion bushels, 31 million bushels larger than the October forecast. The U.S. average yield is forecast at 47.5 bushels, 0.4 bushel larger than the October forecast. Yield forecasts changed by a bushel or two for the majority of states, with smaller forecasts in six of the 29 states. Production forecasts were not changed for the rest of the world.  In the November WASDE report

Categories: Agriculture




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