Tag Archives | corn

Verasun tries to exit corn purchase contracts

Verasun which has filed for  bankruptcy protection has asked the courts to terminate a number of its corn contracts, says ICIS news. (Disclosure: I work for ICIS. About ICIS)While the move would help Verasun get back on its feet, if the court agrees, it’s going to be painful for farmers.

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Biofuels: is the cure worse than the disease?

Biofuels: is the cure worse than the disease? That is the question posed by Ron Steenblick, and Richard Doornbosch in a recent online publication.

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Corn is the foundation of US fast food.

Interesting, if off topic, Maribo has piece on the way that the US fast food industry is built on corn. I’ll have the corn with a side of corn, too. 

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EPA may investigage corn ethanol’s environmental credentials

The US Environmental Protection Agency,  may start investigating the environmental benefits of corn ethanol processes, according to a post on Chemically Green, which quotes a letter from Friends of the Earth and others to the EPA. The thrust of the letter is that the EPA should consider all of the effects of changing land use […]

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Credit crunch may make it harder for farmers next year

The credit crunch may make it harder for US corn farmers to maintain overdrafts, raise loans and fund farming next year according to to this report from Bloomberg. 

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Corn price rise: speculative bubble

The Reuter’s person on the spot at the Chicago Board of Trade says the price rise corn experienced this year was due to a speculative bubble caused by money moving out of stocks into commodities. The price is falling as the economy is changing. Of course there’s no discussion on the effect of reducing the […]

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Meatpackers say aid to ethanol plants would be unfair and discriminatory

US meat producers are saying in the Des Moines Register that aid to ethanol producers that are facing trouble because of movements in the price of corn over the previous year would be unfair and  “would be a startling new development that discriminates in favour of one segment of American agriculture,”in a letter to the […]

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Restaurants set to raise prices as corn cost feed through to plates

 A number of US restaurant chains look set to rise prices this year as higher corn prices ripple along the supply chain, according to Huffington post.The key paragraph is buried towards the end of the article…. Part of the problem stems from protein producers’ plans to cut back onproduction in the next year to avoid […]

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Webinar on US grain outlook

Part of CBOT is offering a free webinar on the outlook for the US grain harvest this year today at 2-3pm central US time. That’s two days before the US Department of Agriculture is due to release  USDA Crop Production and Supply and Demand report on October 10th.

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Corn estimates down in the US

The US Department of Agrculture has lowered its estimates of the volume of corn and soy that will be harvested this year. So 2008 will only be the second largest crop in history. It might have been higher if the weather had been better. That story’s in the Des Moines Register. You should subscribe to […]

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