Renewable Energy Report: July 2015 Report

The AgMRC Renewable Fuels Monthly Report is now being produced as a partnership between the Agricultural Marketing Resource Center operated by the Value Added Agriculture Program at Iowa State Extension and Outreach (ISUEO), and the Iowa Grain Quality Initiative (IGQI) (www.iowagrain.org), an ISUEO program directed specifically at grain processing and handling.

Connection of the IGQI and the monthly report will provide a long-term connection with the research and technical expertise of Iowa State Extension and Outreach, as well as provide expanded student opportunities for interaction with industry.

The largest costs of producing biofuels by far are the costs of the feedstocks.For that reason, changes in corn and soybean market conditions can have a major impact on biofuels net returns. In this article, we review crop conditions by state in late July and compare them with last year. 

Since late 2012 and early 2013, the corn ethanol industry has gone through a period of rapidly declining cost and revenue. Profitability has been tracked with the Iowa State University Extension ethanol production model that represents a typical 100 million gallon Iowa corn-ethanol facility selling ethanol and dry distillers grain with stillage. Late 2012 and early 2013 was an unprecedented rough economic time for corn ethanol producers.

More Information on Ethanol Profitability Corn/Ethanol Balance Sheet A detailed assessment of production, usage, carryover and prices for corn and ethanol. Distillers Grains Balance Sheet A detailed assessment of production, usage, carryover and prices for corn and ethanol.
How to Convert U.S. to 100 Percent Renewable Energy It's technically possible for each state to replace fossil fuel energy with entirely clean, renewable energy, experts say. A new report is the first to outline how each of the 50 states can achieve such a transition by 2050. The 50...
More Information on Biodiesel Profitability Soy/Oil Biodiesel Balance Sheet A detailed assessment of production, usage, carryover and prices of soy/oil and biodiesel. Biodiesel Usage and Soybean Balance Sheet A detailed assessment of biodiesel usage projections and soybean production, usage, carryover and prices.