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Governors' Biofuels Coalition
NEWS UPDATE October 29, 2012

In aftermath of drought, U.S. corn movement turns upside down

Reuters  •    •  Posted October 29, 2012

The devastating U.S. drought and ensuing crop disease are upending traditional grain movement patterns, with dozens of trains and barges shipping North Dakota or Mississippi corn into the Corn Belt rather than out to the coasts. Processors and ethanol producers in No. 2 corn state Illinois, where the average corn yield was the lowest in nearly 25 years, are “importing” millions of bushels of the grain – an unprecedented volume – from North Dakota, which produced a record crop this year, trade sources said. Northern corn is even reaching key livestock states such as Texas and Oklahoma.
[ read more … ]

Demand for biodiesel falls as industry meets federal mandate

  •  Des Moines Register  •  Posted October 29, 2012

With the federal biodiesel mandate largely achieved, biodiesel producers have struggled with plummeting demand, and at least one Iowa biodiesel refinery has closed down. “Production has been quite strong through September,” said Jeff Johannesmeyer, general manager of the biodiesel producer Western Iowa Energy. “We’ve basically met the demand for the year, so that will reduce the incentive for oil companies to buy biodiesel for the rest of 2012. [ read more … ]

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