The US had a shortage of Ethanol this year--The U.S. is importing the most ethanol in four years after the country’s worst drought in a half century drove corn prices to a record, boosting demand for tankers hauling the fuel. Imports almost tripled in the third quarter from a year ago after domestic output slumped for the first time in 16 years, Energy Department data show. Almost all the extra supply is being shipped by Brazilian refiners, who use sugar as a feedstock. http://www.hellenicshippingnews.com/News.aspx?ElementId=ef10...Jeff asked for a stock name on who could benefit. I suggested Cosan (CZZ) and I think Jeff madesame pocket change. If he had traded in Brazil he could have made some Real money (literally and figuratively) ;)
Why we don't use sugar beets is a mystery to me. They need way less sun, warmth and fertilizer than corn.Edy
Why we don't use sugar beets is a mystery to me. They need way less sun, warmth and fertilizer than corn.EdyNot to mention that the tops make great cattle food or fertilizer. The German farmers where I lived had huge fields of sugar beets with really good government subsidies. It never made sense to me as it was far cheaper to import sugar and the fields could have been producing something else but I think it was a post WWII thing?I wonder about water requirements as the area was very wet? Seems to me much of the US corn crop comes from dryer areas? Any <not a farmer nor does he play one on METaR> mouse
Why we don't use sugar beets is a mystery to me. They need way less sun, warmth and fertilizer than corn.Corn has better lobbyists milking the government for subsidies to fund more lobbying.
If the US had a shortage of ethanol this year, wait until next year. The 2012 corn crop was below normal due to drought conditions in much of the US midwest. Total corn production was down about 2 billion bushels.http://www.nass.usda.gov/Charts_and_Maps/Field_Crops/cornpro...So the beginning stocks of corn are going to be less than usual. The stocks will be lowest, and possibly completely depleted, by next fall.http://www.nass.usda.gov/Charts_and_Maps/Field_Crops/cornstk...-----------------------------------------------------------I just got back from a short trip to Iowa, visiting family. My brother-in-law was telling me how the farmers are now harvesting the corn stalks, as well as the corn ears. The ears are processed into ethanol in the normal manner, and the stalks are fed into a new cellulosic ethanol plant which was recently built in the area. I was unaware that cellulosic ethanol is now commercially viable. Also, a new biodiesel plant is turning soybeans into diesel fuel. Lastly, the hundreds of new wind power turbines I saw mean that Iowa is on the way to becoming an energy producing state.- Pete
I was unaware that cellulosic ethanol is now commercially viable.ANYTHING is "commercially viable" if the government is willing to pour enough borrowed money into subsidizing it.
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