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: 199

Reply to This

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

Maizex Seeds Breaks Ground on $8.8 Million State-of-the-Art Seed Corn Facility in Blenheim

Maizex Seeds has announced an $8.8 million investment in a new seed corn processing and packaging facility at its Blenheim, Ontario.

Pulse Market Insight #288

Crop Prospects for 2026 This seems to be the time of year when there’s a flood of reports looking back at the past year or gazing ahead to the new year. While looking backward allows a person to gauge their grain marketing performance, hindsight generally doesn’t provide much help for making decisions about the upcoming year. In fact, every marketing year is different. Making next year’s decisions based on last year’s successes or failures can be counterproductive. After all, acreage will shift and while there are always hopes for big yields, the odds of record output happening again in 2026 are very unlikely. In addition, global trade will also change (hopefully for the better) and affect next year’s market prospects. This is also the time of year when we start thinking about farmers’ planting decisions for next spring. There are many factors going into those decisions, especially crop rotation considerations, but prices and profitability are also important. Typically, we use basic

Tariffs, policy changes and a record crop: APAS reflects on 2025

The President of the Agricultural Producers Association of Saskatchewan (APAS) described 2025 as a busy one with no shortage of challenges and some good news sprinkled in. Bill Prybylski did a year-end interview with Ryan Young, host of SaskAgToday and Ag News Director of 620 CKRM. You can find the full interview on SaskAgToday.com under the unfiltered section.   Prybylski said tariffs from the United States, China, and India - three of Canada's major trading partners - was the number one issue for APAS in terms of resources used to understand the impact on farmers and lobbying efforts.   Currently, China has tariffs on Canadian canola oil, seed, meal, yellow peas, seafood and pork. The U.S. currently has tariffs on Canadian lumber, upholstered wood products, and any product non-compliant with the Canada-United States-Mexico Agreement (CUSMA). India has an import duty on yellow peas from all countries, including Canada. Canada has counter-tariffs on American steel, aluminium, and aut

Year-End Ag and Energy Markets Face Broad Commodity Pressure

Weekly market data for late 2025 shows year-end liquidation and global supply gluts pressuring soybeans, wheat, and crude oil, while gold reaches record highs.

China might start importing corn and wheat

What happens with the wheat market going forward largely depends on China, says an analyst. Canadian farmers harvested a record 40 million tonnes of wheat in 2025, including 29.3 million tonnes of spring wheat. The good news is that exports have been surpassing last year’s record pace so far in 2025-26. Chuck Penner, analyst with LeftField Commodity Research, thinks exports could hit a record 24 million tonnes, although it is still early days. The problem with this year’s wheat market is that there was record production by the top seven exporters. Minneapolis wheat futures have been relatively flat despite the global glut of the commodity, indicating that something is going on with the demand side of the ledger. Penner said China has not been getting enough attention. There are reports of significant quality losses with China’s corn and spring wheat crops. China’s farmers just finished harvest, and corn and wheat prices are already starting to rebound, suggesting that domestic s

© 2025   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service