Corn market breaks $3, could fall more

Analysis by Sam Nelson U. S. corn prices fell through the key support level of US$3 per bushel on Dec. 5 for the first time in more than two years, signalling a further weakening could be in store as the contracting global economy hurts demand. The ethanol industry is being tested financially, with crude oil

New biofuel sources are in the pipeline

“We’re like the high-tech sector. The research we engage into developing a fuel will likely lead to other new products.” While many are still under development, new sources of raw material for biofuels will take the sting out of any future debates over food-versus-fuel uses for crops, experts say. Earlier this year, environmentalists and poverty


Grain Growers of Canada enjoy lobbying success

“I personally cannot remember a time over the last decade that our issues have been the government’s issues.” – Ross Ravelli Grain Growers of Canada members revelled in their lobbying successes and plotted strategy for ongoing battles at their recent annual meeting here. “I personally cannot remember a time over the last decade that our

EU to scrutinize competition in food retail sector

EU regulators warned Nov. 26 of a risk that consolidation in the food retail sector might act against the interests of consumers and producers, saying a close watch should be kept on uncompetitive behaviour. A draft paper authored by the European Commission called for case-by-case screening of a string of retail practices that could be


Cuba reported ready to authorize GM corn crop

Cuba could soon authorize the planting of 124 acres of genetically-modified corn for the first time to help reduce its dependence on costly food imports, Cuban scientists said Dec. 2. Regulators are expected to approve this initial crop of biotech corn, which would provide enough seed to expand to 14,830 acres next year, said Carlos

USDA economist sees more corn, less wheat

U. S. farmers will plant close to 90 million acres of corn in 2009 and cut back a bit on wheat, the Agriculture Department’s chief economist said Dec. 2. Chief economist Joe Glauber said at a conference sponsored by Farm Journal magazine that grain and soybean prices would remain volatile because of tight supplies. Food


USDA supports new biofuels

Developers can apply for $320 million in loan guarantees to build plants that produce new-generation biofuels, the U. S. Agriculture Department said Nov. 19, with an eye to bringing the fuels to market. The loan guarantee program, created by the new U. S. farm law, is intended to speed commercial production of advanced biofuels. Corn

Japan to back third farm waste ethanol project

Japan has approved a third test project to make ethanol from farm waste with subsidies to pay for building and running of plants totalling about US$32 million over five years, the Agriculture Ministry said Nov. 18. Several countries including resource-poor Japan are working on enzymes and other processing technologies to unlock more energy from the


Ethanol slump blindsides U. S. corn growers

Shrinking ethanol profits and a deepening recession that helped topple biofuels giant VeraSun into bankruptcy last month will force U. S. farmers to be far more skeptical of their corn buyers in the future. Farmers welcomed the rapid expansion of ethanol producers whose deep pockets helped propel the price of corn to record highs. But

As ethanol shipments grow, safety remains a concern

Surging U. S. ethanol production may force the industry to step up transport safety measures in the face of growing concern that communities are ill prepared to deal with the volatile, flammable liquid. Despite efforts to work with shippers to make sure cars are safely loaded and emergency responders know what to do if an