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Governors' Biofuels Coalition
NEWS UPDATE September 30, 2019

Top Story

Corn Set for Worst Quarter in Five Years as Harvest Looms

By Michael Hirtzer, Bloomberg  •    •  Posted September 29, 2019

American corn farmers hit by historic spring floods are now facing the biggest quarterly price decline in five years on upbeat U.S. government crop estimates. Growers and analysts alike have scoffed at the U.S. Department of Agriculture’s outlook for U.S. corn, which has been consistently more upbeat than private estimates. The relatively rosy projections have corn futures in Chicago on track for a quarterly decline of about 14%, which would be the biggest since 2014. [ read more … ]

White House Proposed Biofuel Plan

State Corn Grower Leaders Urge Trump to Uphold Commitment to Farmers

By Todd Neeley, Progressive Farmer  •    •  Posted September 29, 2019

State leaders of corn grower organizations in 23 states called on President Donald Trump on Friday to follow the Renewable Fuel Standard and reallocate biofuels gallons not blended with petroleum since 2016. The Trump EPA has approved 85 small-refinery exemptions to the RFS since 2016, and most recently 31 for 2018 on Aug. 9. In total, the administration has exempted 4.04 billion gallons of biofuels.
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Frustrated Midwest Ethanol Leaders Renew Call For Solution To Waived Ethanol Gallons

By Katie Peikes, Iowa Public Radio  •    •  Posted September 29, 2019

Kelly Nieuwenhuis of Primghar in northwest Iowa says there’s “panic right now” as these exemptions create a ripple effect across agricultural sectors. Nieuwenhuis is the board president of Siouxland Energy, which halted production last week. “We got corn farmers that usually brought corn to our plant during harvest, that we’re not taking corn right now,” Nieuwenhuis said. “We’ve got cattle feeders that are using our great feed product, they’re scrambling to find alternative feed sources right now to replace what we were shipping out of our plant.” [ read more … ]

Iowa renewable energy farmers say Trump’s ‘political future’ hinges on biofuels deal

By Thomas Friestad, The Gazette  •    •  Posted September 29, 2019

The Trump administration faced swift backlash from farmers and biofuel industry leaders in August after federal officials exempted 31 oil refineries from following the nation’s renewable fuel requirements. Now, several Iowa-based farmers are waiting with bated breath to see how the president and U.S. Environmental Protection Agency will proceed on a biofuels package they say could help make up for 4 billion gallons of biofuel demand wiped out over the past three years.
[ read more … ]

Trade

China urges ‘calm and rational’ resolution to U.S.-Sino trade war

By Ryan Woo and Kevin Yao, Reuters  •    •  Posted September 30, 2019

China hopes Beijing and Washington will resolve their trade dispute “with a calm and rational attitude”, Vice Commerce Minister Wang Shouwen said on Sunday, ahead of talks in two weeks between the two sides. The United States and China have been locked in an escalating trade war for over a year. They have levied punitive duties on hundreds of billions of dollars of each other’s goods, roiling financial markets and threatening global growth. [ read more … ]

White House Weighs Blocking Chinese Companies From U.S. Exchanges

By Alan Rappeport and Ana Swanson, New York Times  •    •  Posted September 29, 2019

he Trump administration is discussing whether to block Chinese companies from listing shares on American stock exchanges, the latest push to try to sever economic ties between the United States and China, according to people familiar with the deliberations. The internal discussions are in their early stages and no decision is imminent, these people cautioned. The talks come as senior officials from both countries are scheduled to resume trade negotiations in Washington early next month. [ read more … ]

Trump considers delisting Chinese firms from U.S. markets: sources

By Alexandra Alper, Patricia Zengerle, Chris Sanders and in Washington and Shubham Kalia, Supantha Mukherjee and Ambar Warwick, Reuters  •    •  Posted September 29, 2019

President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions. The move would be part of a broader effort to limit U.S. investment in Chinese companies, two of the sources said. One said it was motivated by the Trump administration’s growing security concerns about their activities. [ read more … ]

Policy & Politics

When it comes to acknowledging humans’ role in climate change, oil and gas industry lawyer says ‘that ship has sailed’

By Juliet Eilperin, Washington Post  •    •  Posted September 29, 2019

In a closed-door meeting of oil and gas executives this summer in Colorado Springs, industry lawyer Mark Barron offered a bold proposal: Energy companies must accept that fossil fuels are helping to drive climate change.“It doesn’t matter whether it’s real, or not real, or what the issues are,” said Barron, who heads the energy litigation arm of Baker Hostetler. “That ship has sailed from a political perspective.” [ read more … ]

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