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Governors' Biofuels Coalition
NEWS UPDATE August 3, 2020

Top Story

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Relief Bill

U.S. lawmakers fail to extend federal jobless benefits that are set to expire Friday.

By New York Times  •    •  Posted August 2, 2020

With negotiations over a broader recovery package stalled, Senate Republicans tried to pass a stand-alone bill that would have continued the extra jobless aid payments through the end of the year, but slash them to $200 a week from $600. Mr. McConnell charged that Democrats were unwilling to negotiate, though he later told reporters, “We’re all still talking — we hope we can get an outcome soon.” Democrats said the blame for the breakdown lay squarely with Republicans, who waited until just before the jobless aid was to expire to roll out their opening bid for negotiations with Democrats. Senator Chuck Schumer of New York, the minority leader, declared their plan “fundamentally unworkable.” [ read more … ]

E15

Ernst to EPA: Make E15 Available at Every Pump

By Todd Ingstad, Inside Agriculture  •    •  Posted August 2, 2020

Iowa Republican Senator Joni Ernst is calling on the Environmental Protection Agency to make E15 available at every U.S. gas pump. Specifically, Ernst calls on EPA Administrator Andrew Wheeler to certify biofuel infrastructure for E15 and remove unnecessary labeling which will increase consumer access to E15. In a letter to Wheeler, Ernst writes, “You must act now to initiate a rulemaking process and follow through on this agreement to provide certainty to farmers,” citing COVID-19 pandemic losses. [ read more … ]

Policy & Politics

Democrats demand answers from U.S. ambassador after reports he asked Brazil for favor to help Trump in 2020

By Karoun Demirjian, Washington Post  •    •  Posted August 3, 2020

In a letter Friday to Ambassador Todd C. Chapman, House Foreign Affairs Committee cited a report in prominent Brazilian newspaper O Globo depicting Chapman telling Brazilian officials about “the importance for the [President Jair] Bolsonaro government of maintaining Donald Trump as U.S. President.” In the article, according to the letter, Chapman also communicated to Brazilian officials that it was important for their “government to do the U.S. a favor” by reducing ethanol tariffs, as those are important in the state of Iowa, a potential “key player” in 2020. [ read more … ]

States

Nebraska Lawmakers to Explore Ethanol Policies Ahead of Next Legislative Session

By Todd Neeley, DTN Staff Reporter  •    •  Posted August 2, 2020

The state of Nebraska is set to conduct a study of the state’s ethanol industry, after producers in the state and across the country have faced several challenging years. Sen. Joni Albrecht, Thurston, introduced a resolution in the Nebraska Legislature to examine ethanol public policy in the state to include a look at state-level policy promoting ethanol production and use, as well as what other states do to promote the industry. The study will explore state and federal regulations potentially hindering the growth of Nebraska’s industry. The study also will explore current ethanol research in Nebraska to diversify and increase demand for ethanol produced in the state. [ read more … ]

Markets

China Accelerates U.S. Corn Buying With Record Purchase

By Elizabeth Rembert, Bloomberg  •    •  Posted August 2, 2020

China took another step toward meeting agricultural commitments made in the phase one trade agreement with the U.S. with its biggest-ever purchase of American corn. The U.S. Department of Agriculture said Thursday that exporters sold 1.937 million metric tons of corn, the third-largest deal for the grain to any destination. This purchase tops the previous record sale to China earlier this month, when 1.762 million tons were booked. [ read more … ]

Cargill Pays Record Dividend to Family Owners After Profits Boom

By Javier Blas, Bloomberg  •    •  Posted August 2, 2020

The company reported net income of $3 billion in its fiscal year through May, up 17% from the previous year and its fourth-highest ever, according to audited accounts reviewed by Bloomberg News. Cargill, the world’s largest agricultural commodity trader, broke with a two-decade tradition earlier this year and stopped releasing its results publicly. Still, the company shares financial results with its bankers and others. [ read more … ]

Refiner Valero posts smaller loss than feared as demand rebounds

By Shradha Singh, Reuters  •    •  Posted August 2, 2020

Independent U.S. refiner Valero Energy Corp reported a smaller-than-expected quarterly loss on Thursday, adding that it saw “a rapid recovery” in demand for its products as the quarter progressed. The results, which kicked off U.S. refining earnings, failed to lift investor sentiment as shares of the company and other refiners fell 3% to 7%, dragged down by oil prices that plummeted on concerns fuel demand recovery could be capped by a resurgence in coronavirus infections. [ read more … ]

ADM discusses potential for restart of idle dry mill plants

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted August 2, 2020

Officials from Archer Daniels Midland Co. confirmed on July 30 that two of the company’s dry mill ethanol plants remain idle. The company is taking a data-driven approach to determining a restart date for those plants, and indicated the strategic review of ADM’s ethanol business in ongoing. The announcements were made during ADM’s second quarter earnings call. [ read more … ]

Campaign 2020

How Joe Biden’s surprisingly ambitious climate plan came together

By Dino Grandoni, Washington Post  •    •  Posted August 2, 2020

During a virtual fundraiser late last week focused on climate action, former vice president Joe Biden made a direct appeal to voters young enough to be his grandchildren. “I want young climate activists, young people everywhere, to know: I see you. I hear you. I understand the urgency, and together we can get this done,” said the 77-year-old Democrat, who days earlier had announced a $2 trillion plan to combat climate change and environmental racism — by far the most ambitious blueprint ever released by a major party nominee for president. The moment marked a shift months in the making. [ read more … ]

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