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: 171

Reply to This

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

Disease Alert: PDCOV and PED

Don't let outbreaks turn into a potential epidemic.

Ontario Pork Chair and Vice-Chair Elected (2024)

The Ontario Pork Board of Directors welcomes incoming Chair Tara Terpstra, a producer from Huron County and Vice-Chair Bruce Hudson, a producer from Ottawa Valley.

Maintaining Reduced Exposure To Toxoplasma gondii, By Brad DeWolf from Southwest Ontario Veterinary Services

Toxoplasma gondii (T. gondii) is a zoonotic and protozoan parasite that infects more than one-third of the global human population.

Ag in the House: April 8 – 11

A recap of question period’s mentions of farmers and Bill C-234

Stress Hormones Measured in Hair Offer Potential to Identify Pigs’ Resilience to Disease

A multi-institutional team, of scientists is exploring the potential of using the levels of stress hormones deposited in the hair of pigs to determine which genetic lines will be more or less able to ward off disease.

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service