Ontario Agriculture

The network for agriculture in Ontario, Canada

Reuters is reporting the EPA has proposed a new 2014 renewable fuel target of 15.21 billion gallons in total, of which 2.21 billion must come from "advanced" biofuel sources. This would imply a reduction in the 2014 mandate for ethanol to 13.0 billion gallons, down from a 13.8 billion mandate in 2013 and a prescribed 14.4 billion mandate for 2014. According to Reuters, the new EPA proposed renewable fuel targets for 2014 would mandate the use of 23 million gallons of cellulosic ethanol and hold the biodiesel portion of the mandate steady at 1.28 billion gallons. These rumors of biofuel mandate cuts helped fuel further losses in corn futures to trade to new contract lows at $4,324/bushel. 2013 October WADE report estimates for 2013 corn ending stocks were estimated at 1,923 billion bushels with this new law we could see 301 million less corn bushels in usage for ethanol . The proposed EPA rule would go on to a public comment period and could become law later this year.  If it becomes law the USDA will need to adjust 2013 corn usage for ethanol from 4.9 billion bushels to 4.6 billion bushels approximately which is bearish for corn futures as 2013 ending stocks could jump to 2.224 billion bushels not seen since 1987.

Views: 151

Reply to This

Agriculture Headlines from Farms.com Canada East News - click on title for full story

Dairy Farmers of Ontario and program partners will help small hearts believe big this holiday season with a donation of $500,000 to SickKids

This holiday season, Dairy Farmers of Ontario (DFO) and program partners are donating a minimum of $500,000 to The Hospital for Sick Children (SickKids) and other Ontario children's hospitals to help bring the magic of the holidays to all children, no matter where they are celebrating.

New partnership between Egg Farmers of Canada and Denny's brings the Egg Quality Assurance™ certification program to restaurants across Canada

Egg Farmers of Canada is proud to announce a partnership with Denny's Restaurants Canada, who now feature the Egg Quality Assurance™ (EQA™) certification mark on their menus in restaurants across the country.

New survey explores how producers are managing risk

Risk is an inevitable part of farming. A recent FCC Vision panel survey investigated the risk concerns and management strategies of over 1,300 producers across Canada. Five major types of risks were studied: production, marketing, financial, legal and human resources.

Two U of G Profs Among World’s Most Cited Researchers

Two influential University of Guelph professors have made the Web of Science Group’s Highly Cited Researchers list for 2019.

Changes to Biogas Rules for Farms to Increase Economic Opportunity in Ontario's Renewable Natural Gas Sector

Ontario to consult on ways to boost biogas sector revenues by up to 50 per cent in five years

© 2019   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service