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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

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CDC North Marks 75 Years of Agricultural Research and Crop Protection

What began as an 18-acre tree nursery has grown into a vital centre for plant health, disease surveillance and agricultural research in Alberta. Alberta’s Crop Diversification Centre North is celebrating 75 years of helping farmers protect their crops, confront emerging threats and prepare for the future. CDC North began in 1951 as a tree nursery on 18 acres of a former federal government fur farm outside Edmonton. Today, the 340-acre site is a hub for collaborative agricultural research, crop health surveillance and plant diagnostics. The centre now houses nine greenhouses, the Alberta Plant Health Lab, the province’s Bee Health Unit and Western Canada’s only seed potato repository. Its research plots and specialized facilities are also used by collaborators including the University of Alberta and Western Crop Innovations. “From strengthening crop health to fighting diseases and helping protect Alberta’s farmland, CDC North has been leading the way in agriculture research, crop hea

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Yield prospects remain strong across much of the province, but wet conditions and delayed crop development have Alberta’s harvest running well behind its normal pace. Alberta farmers are heading into harvest with the potential for an above-average crop—but many will need more warm, dry weather before they can get it into the bin. As of Aug. 25, just 5.6 per cent of all crops had been harvested across the province, according to the latest Alberta Crop Report. That compares with the five-year average of 15.2 per cent and the 10-year average of 12 per cent. The delayed start reflects a growing season marked by wet conditions, late seeding, slow emergence and uneven crop development across much of Alberta. Progress varies sharply by region. Farmers in southern Alberta had harvested 16.2 per cent of their crops by Aug. 25, compared with only 2.7 per cent in the Central Region. Harvest remained below one per cent in the North East, North West and Peace regions. Warm temperatures helped m

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