corn ethanol

The national average price for corn this season is back to $3.60 a bushel, about where it’s been most of this year except for an early-season spike ($4.16 in July) before the size and quality of the crop was known. 

That’s not great news for corn growers, and for the ethanol part of the market, the latest U.S. Department of Agriculture estimates are even worse.

The national average price for corn this season is back to $3.60 a bushel, about where it’s been most of this year except for an early-season spike ($4.16 in July) before the size and quality of the crop was known.

That’s not great news for corn growers, and for the ethanol part of the market, the latest U.S. Department of Agriculture estimates are even worse.

At Hummel’s Nissan in Des Moines, Kevin Caldwell sells the all-electric Leaf. Driving one is basically the same as driving a typical gasoline or gas-electric hybrid car, he said, except for a few new features like the semi-autonomous hands-free option. And the fact that you plug it in rather than pumping gas into it.

About a quarter to a third of Caldwell’s Leaf customers are farmers, some of whom grow corn for ethanol.

President Donald Trump’s administration will “unleash the power of E15,” allowing the 15 percent gasoline-ethanol blend to be sold year-round.

The announcement, made public this week at a rally in Council Bluffs, Iowa, is being welcomed by corn growers and biofuel groups. But it may take longer for farmers like Kelly Nieuwenhuis of Primghar, Iowa, to feel the positive impact of E15 than they would like.

Republican and Democratic senators from top corn- and ethanol-producing states say their pressure helped prevent the Environmental Protection Agency from changing rules governing renewable fuel production.

But at least one senator, Iowa Republican Chuck Grassley, says President Trump was their ace in the hole against an EPA chief who has deep ties to the oil and gas industry.

Harry Wood / Wikimedia Commons

The Mexican government has raised the amount of ethanol allowed in a gallon of gasoline, in a move that could have a big effect on the oil and corn producers of the High Plains.

As The Houston Chronicle reports, Mexico has upped the allowable percentage of ethanol from 5.8 percent to 10 percent, which is also the level currently allowed in the U.S. Now, some of the world's biggest biofuels companies are jockeying for a position within what is the world's fourth largest gasoline market.

The federal government is proposing refiners use slightly less ethanol in the nation’s fuel supply next year. However, the cut would not be a blow to corn farmers.

The Environmental Protection Agency (EPA) sets the annual mandate for renewable fuel and is suggesting a 2 percent decrease for 2018, down to just over 19 billion gallons.

Grant Gerlock / Harvest Public Media

The Trump Administration is voicing its support for the ethanol industry, but without specifics it is hard to say what that means exactly for Midwest farmers.

In a letter (PDF) to industry leaders gathered at the National Ethanol Conference, President Donald Trump said renewable fuels “are essential to America’s energy strategy.”

The president wrote that he aims to reduce the regulatory burden on the renewable fuels industry, but did not detail specific plans.

Grant Gerlock / Harvest Public Media

A new U.S. government study claims ethanol is better for the environment than most scientists initially expected, boosting an industry that is a boon to Midwest farmers but challenged by many environmental groups and the oil industry.