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Governors' Biofuels Coalition
NEWS UPDATE June 8, 2012

Ethanol Advances On Concern China Rate Cuts To Lift Corn Demand

By Mario Parker, Bloomberg  •    •  Posted June 8, 2012

Ethanol futures advanced in Chicago on concern that interest rate cuts in China will boost demand for commodities such as corn. The biofuel gained 1 percent after the People‚Äôs Bank of China said the one-year lending rate will drop a quarter- percentage point to 6.31 percent starting tomorrow, stoking speculation that the country will boost corn imports. The grain is the primary ingredient in ethanol in the U.S. [ read more … ]

Senators to vote today on taking up the farm bill

Amanda Peterka, E&E reporter  •    •  Posted June 8, 2012

Agriculture Chairwoman Debbie Stabenow (D-Mich.) talked up the bill on the floor yesterday, saying it would help improve water and soil quality and protect farmers from risks related to weather and volatile prices. Stabenow and Agriculture, Nutrition and Forestry Committee ranking member Pat Roberts (R-Kan.) are expressing confidence that they have the 60 votes needed to begin debate and said they would welcome amendments on the bill.
[ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.