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Governors' Biofuels Coalition
NEWS UPDATE October 2, 2020

Top Story

House Democrats pass partisan COVID bill; relief talks drag

By Andrew Taylor, Washington Post  •    •  Posted October 2, 2020

Democrats controlling the House narrowly passed a $2.2 trillion COVID-19 relief bill Thursday night, a move that came as top-level talks on a smaller, potentially bipartisan measure dragged on toward an uncertain finish. An air of pessimism has largely taken over the Capitol. The Democratic bill passed after a partisan debate by a 214-207 vote without any Republicans in support. The move puts lawmakers no closer to actually delivering aid such as more generous weekly unemployment payments, extended help for small businesses and especially troubled economic sectors such as restaurants and airlines, and another round of $1,200 direct payments to most Americans. [ read more … ]

Covid Relief Aid

Grassley: Aid to ethanol plants, livestock producers good; overall cost too high

By The Hagstrom Report  •    •  Posted October 1, 2020

Senate Finance Committee Chairman Chuck Grassley, R-Iowa, said today that he is pleased with House Democrats’ proposal to provide aid to ethanol plants that lost business and livestock producers who were forced to kill their animals due to COVID-19 restrictions, but that the $2.2 trillion cost of the overall bill is too high for him to support. On a call to rural reporters, Grassley said he would be “very favorable” to the aid to ethanol and livestock producers, but that the $2.2 trillion cost of the overall proposal is “ridiculously high.” [ read more … ]

California Vehicle Executive Order

How a gas car ban could fail in Calif.

By Anne C. Mulkern, E&E News reporter  •    •  Posted October 1, 2020

California must prod 10 million people to buy clean cars and install thousands of charging stations within a decade to start phasing out gas-fueled vehicles in 2035, auto experts said.
An executive order issued last week by Gov. Gavin Newsom (D) would ban the sale of new cars with internal-combustion engines beginning in 15 years. But achieving that level of climate action hangs on a slew of uncertainties, including more renewable energy, increasing EV production, advancements in energy storage technology and the outcome of the presidential election.
[ read more … ]

Markets

Corn market blindsided by unusually large U.S. supply revision

By Karen Braun, Reuters  •    •  Posted October 1, 2020

Quarterly grain stock reports from the U.S. government have the tendency to jolt the Chicago futures market due to their unpredictable nature. That held true on Wednesday, but the main reason for the surprise was something that virtually nobody saw coming. Sept. 1 supplies of U.S. corn, soybeans and wheat all came in below trade expectations when the U.S. Department of Agriculture released the data, but the corn number stood out the most since it included a large, unprecedented adjustment to prior stocks. [ read more … ]

Ethanol supply near four year low

By John Perkins, Brownfield  •    •  Posted October 1, 2020

Ethanol production and stocks both declined last week. The U.S. Energy Information Administration says production averaged 881,000 barrels a day, down 25,000 on the week and 77,000 barrels on the year, largely because of the blending demand uncertainties caused by COVID-19. [ read more … ]

EIA says US ethanol production falls to lowest level since mid-June

By S&P Global  •    •  Posted October 1, 2020

US ethanol production averaged 881,000 b/d for the week ended Sept. 25, a decrease of 25,000 b/d on the week and down 77,000 b/d year on year, data from the Energy Information Administration showed Sept. 23. Production fell to the lowest level since the week ended June 12 and was below market expectations. Seasonal maintenance at ethanol plants around the country has started, with most plants going offline for about five days to finish routine maintenance. [ read more … ]

Campaign 2020

Trump’s Trade Wars, Covid Response Could Cost Republicans an Iowa Senate Seat

By Laura Litvan, Bloomberg  •    •  Posted October 1, 2020

President Donald Trump’s newfound struggle to keep Iowa in Republican hands, just four years after a comfortable win in the Midwestern state, could also prove decisive for control of the U.S. Senate. Joni Ernst is running behind in her quest for reelection on Nov. 3, after binding herself both to the president and Senate Majority Leader Mitch McConnell’s leadership team in her first term. A member of the Judiciary Committee, she’s looking to the fight with Democrats over Trump’s pick to replace the late Supreme Court Justice Ruth Bader Ginsburg to energize Iowa Republicans. [ read more … ]

 

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