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2022-'23 corn use in ethanol forecast at 5.375 billion bushels

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By Erin Voegele

May 12, 2022

Feedstocks

The USDA predicts that 2022-'23 corn use in ethanol will be flat with 2021-'22 in its latest World Agricultural Supply and Demand Estimates report, released May 12. Corn production is expected to be down, with prices up significantly.

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The USDA on May 10 announced it received more than 450 proposals for large-scale projects under its new Partnerships for Climate-Smart Commodities program. The agency is accepting proposals for smaller-scale projects through June 10.

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The USDA predicts that soybean oil use in biofuel production for 2022-'23 will be up in its latest World Agricultural Supply and Demand Estimates report, released May 12. Soybean oil prices are expected to be down slightly.

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The U.S. EPA on May 9 opened a 15-day public comment period on the pool of 20 candidates who have been selected to serve on an external expert panel to peer review the EPA's third triennial report to Congress on biofuels and the environment.

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Alto Ingredients Inc. released Q1 2022 financial results on May 9, reporting positive gross margin and adjusted EBITDA for the three-month period. Mike Kandris, CEO of Alto, credited the company's diversification efforts in achieving those results.

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UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing and ethanol production were down during the first two weeks of the 2022-'23 harvest season, which began April 1. Ethanol sales, however, were up.

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Total operable biofuels production capacity for ethanol, biodiesel, renewable diesel and related fuels expanded to 21.123 billion gallons per year in February, according to the EIA. Total feedstock consumption was at 24.348 billion pounds.

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Total operable biofuels production capacity for ethanol, biodiesel, renewable diesel and related fuels expanded to 21.123 billion gallons per year in February, according to the EIA. Total feedstock consumption was at 24.348 billion pounds.

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Marathon Petroleum Corp. released first quarter financial results on May 3, providing an update on its agreement with Neste to form a joint venture for the renewable diesel project under development at its Martinez refinery in California.

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Neste Corp. released first quarter 2022 financial results on April 29, reporting a strong performance for its renewable products segment. Renewable diesel demand was robust during the three-month period, but feedstock markets remained tight.

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Bunge and CoverCress Inc. announced on April 26 a unique commercial partnership to bring a new renewable oilseed and animal feed crop to market. The agreement supports the expansion of CCI's CoverCress technology, a new winter oilseed crop.

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UNICA, the Brazilian sugarcane industry association, has released final data for the 2021-'22 harvest season, which ended March 31. Sugarcane processing and the production of sugarcane ethanol were down for the year. Corn ethanol production was up.

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The U.S. EPA on April 18 officially opened a 30-day public comment period on its proposed rule to approve RFS fuel pathways for renewable diesel, jet fuel, heating oil, naphtha and LPG produced from canola oil via a hydrotreating process.

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Carbon Capture Magazine's National Carbon Capture Conference & Expo will be held in Des Moines, Iowa at the Iowa Event Center on Nov. 8-9, 2022. Speaker presentation abstracts are being accepted through July 8.

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Sens. John Barrasso, R-Wyo., and Dianne Feinstein, D-Calif., on April 7 introduced legislation that aims to improve data reporting for renewable diesel and SAF, incentivize their production, and eliminate unnecessary labeling regulations.

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On April 12, Clean Fuels Alliance America applauded President Biden's announcements of new Higher Blends Infrastructure Incentive Program grants and a pathway to use canola oil to produce renewable diesel and jet fuel.

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The U.S. EPA on April 12 published a proposed rule approve Renewable Fuel Standard pathways for renewable diesel, jet fuel, heating oil, naphtha, and liquefied petroleum gas (LPG) produced from canola/rapeseed oil via a hydrotreating process.

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Tidewater Renewables Ltd. has entered a strategic RNG and feedstock partnership with Rimrock RNG Inc., and Rimrock Cattle Company Ltd. The partnership will secure feedstock supply for the company's RNG and renewable diesel business units.

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The USDA increased its forecast for 2021-'22 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released April 8. Ending stocks were unchanged and the season-average farm price was increased.

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The USDA maintained its forecast for 2021-'22 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released April 8. The expected price for soybean oil was revised up.

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The USDA's NASS will hold its biannual Data Users' Meeting on April 19, 2022. During the event, the agency will share recent and pending statistical program changes with the public, and to solicit input on these and other programs.

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UNICA, the Brazilian sugarcane industry association, has reported that current levels of ethanol stocks are sufficient to meet domestic demand through the beginning of next sugarcane harvest season, which began April 1.

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The USDA's NASS will hold its biannual Data Users' Meeting on April 19, 2022. During the event, the agency will share recent and pending statistical program changes with the public, and to solicit input on these and other programs.

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Capturing the interactions between biofuels and agricultural industries and their connections with other economic activities was key to a first-of-its kind study published by reseraches at Purdue University.

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U.S. operable production capacity for fuel ethanol, biodiesel, and renewable diesel all increased in January, according to data released by the U.S. Energy Information Administration on March 31. Feedstock use was down when compared to December.

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U.S. operable production capacity for fuel ethanol, biodiesel, and renewable diesel all increased in January, according to data released by the U.S. Energy Information Administration on March 31. Feedstock use was down when compared to December.

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U.S. farmers are expected to plant 89.5 million acres of corn in 2022, down 4 percent from last year, according to the USDA National Agricultural Statistic Service's Prospective Plantings report, released March 31.

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U.S. farmers are expected to plant a record 91 million acres of soybeans in 2022, up 4 percent when compared to 2021, according to the USDA National Agricultural Statistic Service's Prospective Plantings report, released March 31.

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The USDA's Commodity Credit Corp. announced on March 29 that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2021, which runs from Oct. 1, 2021 through Sept. 30, 2022.

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The USDA recently released its Grain Crushings and Co-Products Production report for March, reporting that corn use for fuel ethanol in January was down slightly from the previous month, but up significantly when compared to January 2021.

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