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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.

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

Central Ontario FS Expands Grain Network with Acquisition of Haley's Elevator in Burford

ag news,farm news,Central Ontario FS,Haley's Elevator,Burford,Ontario

Preparing for Farming Uncertainty

Farm Management Canada has introduced a national strategy to improve risk management education and communication, helping producers build long-term resilience and adopt proactive planning.

Canola industry encouraged by outcomes from Energy and Mines Ministers’ Conference

Canada’s canola industry welcomes the outcomes of last month’s Energy and Mines Ministers’ Conference, particularly the Ministers’ commitment to strengthening Canada’s energy security and expanding domestic biofuel production.

Creating jobs, reducing waste on Sunshine Coast

A $1.5-million investment in Sechelt will create new jobs, convert organic waste into valuable products, and provide more high-quality soil for Sunshine Coast businesses by helping Salish Soils grow its manufacturing operations. “When local businesses grow, communities benefit through good jobs, new opportunities and a stronger local economy,” said Ravi Kahlon, Minister of Jobs and Economic Growth. “Supporting Salish Soils’ expansion aligns with our Look West goals. We're helping create jobs on the Sunshine Coast, while backing an Indigenous-owned company that is finding innovative ways to create new economic opportunities for this province.” As part of B.C.’s Look West strategy, the Province is providing as much as $300,000 through the BC Manufacturing Jobs Fund toward a $1.5-million capital investment that will help Salish Soils expand its business and transform more organic waste into high-quality compost, soil, mulch and aggregate. These products can serve a range of customers on

Protecting Chinook salmon in Salmon River with temporary order

As severe drought conditions continue to affect river levels in the Thompson Okanagan region, a fish population protection order will help protect endangered Chinook salmon in Salmon River by temporarily restricting water use for forage crops and identified industrial purposes. Government, local communities, farmers and partners have been working together to support water conservation and voluntary irrigation schedules. Despite significant efforts, Salmon River has had persistent low streamflow that are threatening the survival of spawning chinook populations. During the past week, flows have been well below the minimum flow threshold required to support fish population survival and continue to pose a significant risk to fish survival. Effective Tuesday, July 28, 2026, 456 surface-water and groundwater licences and transitioning groundwater users in the Salmon River watershed are affected by the order to stop using water for irrigation of forage crops as well as lawns, fairways and

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