The E-Xchange — Corn prices

It’s Final—Forbes is Terribly Misinformed on Ethanol

April 21, 2014

James Conca’s recent article in Forbes badly mischaracterizes the recent IPCC reports and rehashes long-disproven myths and misinformation about corn ethanol. RFA responded with facts.

Posted in Corn, Corn prices, Environment, Ethanol, Renewable Fuel Standard

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Analyzing the Impacts of Big Oil’s RFS “Dream Scenario”

October 16, 2013

The markets were abuzz last week with a rumor about EPA’s pending 2014 RVO proposal that suggested the agency was mulling the idea of cutting the “renewable fuel” portion from 14.4 billion gallons to 13.0 billion. Here's an examination of the likely impacts of “Big Oil’s dream scenario.”

Posted in Corn prices, Ethanol, Gas Prices, Renewable Fuel Standard

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Bob Dinneen Straightens Out the Facts in a Letter to the Editor of the WSJ

August 23, 2013

As in previous cases, the Wall Street Journal is long on opinion and short on fact in its most recent editorial. RFA chief Bob Dinneen looks at a few items that the Journal either ignores or denies.

Posted in Corn prices, Ethanol, Oil, Renewable Fuel Standard, RINs

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Ethanol, Corn Prices, Government Payments, and the REAL Reason Meat Groups Oppose the RFS

May 06, 2013

One of the questions posed by the House Energy & Commerce Committee asked whether ethanol and the RFS have impacted corn prices. Our response? Yes, of course ethanol expansion has added value to corn prices—that was the point!

Posted in Corn prices, Ethanol, Renewable Fuel Standard, USDA

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“Tar and Feathers” Coalition Fumbles Again with Super Bowl Shenanigans

January 25, 2013

Anxious that Americans won’t eat as many chicken wings at Super Bowl parties next weekend as they chowed down on last year, the National Chicken Council is serving up a heaping helping of half truths about the supposed impact of U.S. ethanol on poultry prices and supplies.

Posted in Corn prices, Food, Renewable Fuel Standard

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Don’t Believe Everything You Read.  Fact check on NYT’s Guatemala Corn/Ethanol Story

January 07, 2013

“Don’t believe everything you read.” Never have truer words been spoken. Here is a fact check of the January 6th New York Times article “As Biofuel Demand Grows, So Do Guatemala’s Hunger Pangs” by Elisabeth Rosenthal.

Posted in Corn, Corn prices, Ethanol

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A Revelation at the Wall Street Journal

September 05, 2012

Less than a month ago, the famously anti-ethanol editorial writers at the Wall Street Journal howled that the Renewable Fuel Standard (RFS) was exacerbating drought-related "corn shortages" and "driv[ing] food prices up in a way that punishes consumers around the world…" And reaching deep into their dead-and-buried-biofuel-myth grab bag, they pulled out this emotional beauty: "…biofuel mandates increase hunger and hunger-related diseases at home and abroad…" Yet, yesterday, inconspicuously stashed on the WSJ "Real Time Economics" blog, is a short post by Neil Shah entitled "Hard to Pass Food-Price Spikes on to Consumers." In it, Mr. Shah breaks down data from the U.S. Departments of Labor and Agriculture and concludes the impact of the drought on food prices will be "manageable" and "far from crippling for the average consumer."

Posted in Corn prices, Drought, Ethanol, Food, Renewable Fuel Standard

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Impacts of Waiving the Renewable Fuel Standard (RFS) on Household Spending on Food and Fuel

August 28, 2012

This summer, several governors have submitted letter to the EPA requesting a waiver of the RFS for 2012 and 2013. Analysis from the RFA shows that waiving the RFS requirements for 2013 would actually result in a net increase in annual household spending of approximately $24-$85 due to increased spending on gasoline. Thus, waiving the RFS in 2013 would do more harm to American consumers than if EPA allows the program to continue to function as designed.

Posted in Corn, Corn prices, Drought, EPA, Ethanol, Food, Renewable Fuel Standard

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Letter to the Editor - Response to New York Times

August 01, 2012

A July 30th op-ed, "Corn for Food, Not Fuel" in the New York Times deserves an Olympic gold medal for misinformation claiming ethanol is more expensive than gasoline and that waiving the RFS will significantly lower corn prices. Ethanol is continuing to help consumers and the pump.

Posted in Corn prices, Ethanol, Renewable Fuel Standard

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Letter to the Editor - Response to Chicago Tribune Editorial

July 31, 2012

In a Letter to the Editor of the Chicago Tribune in response to "Food and the Drought", I point out that yes, this years drought is undoubtedly painful, but we will not know the impact on corn supply until harvest. In the meantime, we must avoid speculation and allow the marketplace work.

Posted in Corn prices, Environment, Ethanol

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Ethanol Policy and Meat Prices: Unspinning the Truth

June 23, 2011

Despite several anti-biofuels groups trying to spin results, a new study released by the Geneva-based International Center for Trade and Sustainable Development (ICTSD) strongly supports the argument that biofuels policy has had almost nothing to do with food price increases in recent years. The study found that “…US ethanol subsidies during this period (2005-2009) had little impact on consumer prices and quite modest impacts on crop prices.”

Posted in Agriculture, Corn prices, Ethanol, Food, Research

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Talking Turkey on Ethanol, Distillers Grains

May 13, 2011

Distillers grains have become an important component of the livestock feed market. Still, some in the poultry industry would rather malign this nutrient-rich feed product in the hopes of returning to a day when they could buy corn from farmers below the cost of production. As the RFA pointed out, distillers grains are not going anywhere and their benefit in the livestock feed market cannot be dismissed.

Posted in Agriculture, Corn prices, Ethanol, Food, USDA

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Food for Thought on a Friday

May 13, 2011

All Americans know it - the price of everything is up today. Many Americans recognize that the price of oil and the price of gasoline dictate the price of everything we buy. But some are seeking to mislead Americans by blaming domestic ethanol production.

Posted in Agriculture, Corn prices, Ethanol, Food, Speculators, USDA

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Thoughts on New CARD Analysis of Ethanol’s Impact on Corn Prices

April 20, 2011

The spin machines at the public relations firms employed by the nation's factory farms, junk food processors, and animal slaughter facilities are in full tilt. Predictably as the corn price rises as it did a few summers ago, these groups are feverishly trying to pin higher price on U.S. ethanol producers. A new anlysis concludes that such efforts are not supported by the facts.

Posted in Corn prices, Ethanol, VEETC

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RFA Analysis of USDA WASDE Report

April 08, 2011

This morning, the USDA release their April WASDE report, which will likely ease some of the tension in the world corn market, as the report showed that the corn supply and carry-out are generally expected to be larger than most market participants were expecting. The following is the RFA's analysis of the report.

Posted in Agriculture, Corn prices, Ethanol, Production, USDA

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Who Gets Your Food Dollar?

March 17, 2011

Food prices around the globe are rising and as a result, many are quickly searching for a scapegoat. Far too many are still recycling half-truths and misconceptions about the role of rising corn prices in food price escalation and demand for corn created by America’s ethanol industry. In a new look at the distribution of each dollar spent on food in the U.S., the U.S. Department of Agriculture has found just 11.6 cents of each dollar spent makes its way back to the farm. In other words, the raw ingredients in retail food items account for just 12 cents of every consumer dollar spent, while energy costs, labor, transportation, packaging, and other supply chain costs account for the other 88 cents.

Posted in Agriculture, Corn prices, Ethanol, Food, Speculators, USDA

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