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Poor Corn Crop Will Have Major Impact on Ethanol Market
The Energy Collective ^ | July 17, 2012 | Robert Rapier

Posted on 07/22/2012 7:43:43 PM PDT by QT3.14

[Snip]...I have long felt that one of the biggest threats to the U.S. ethanol industry is a major drought/crop failure in the heart of corn country. This year we may be experiencing such an event. Recent reports indicate that what had been expected to be a record crop of corn has been downgraded such that only 40% of the corn crop is being classified as in good or excellent condition. This is down 48% versus last week and 69% versus a year ago.

(Excerpt) Read more at theenergycollective.com ...


TOPICS: Business/Economy
KEYWORDS: burningfood; corn; drought; energy; energypolicy; ethanol; foodprices; foodsupply; gas
The ethanol program is a joke to start with!
1 posted on 07/22/2012 7:43:56 PM PDT by QT3.14
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To: QT3.14

So now, instead of being hostages to the saudis,
we are hostages to the farm lobbyists.


2 posted on 07/22/2012 7:50:18 PM PDT by Repeal The 17th (We have met the enemy and he is us.)
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To: QT3.14

3 posted on 07/22/2012 7:53:13 PM PDT by jjotto ("Ya could look it up!")
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To: Repeal The 17th

I understand that the TN corn crop will make it. Yearly patterns is a bitch in the farming industry.


4 posted on 07/22/2012 7:53:54 PM PDT by eyedigress ((zOld storm chaser from the west)/?)
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To: QT3.14

incorrect headline. it should be “government ethanol fetish to cause price of food to spike”.

and perhaps, “hunger threatens millions of poor families because the federal government thinks it should decide what kind of gas you should buy”.


5 posted on 07/22/2012 7:54:05 PM PDT by JohnBrowdie (http://forum.stink-eye.net)
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To: QT3.14

Which is why the US should never depend on bio-fuels.


6 posted on 07/22/2012 7:57:10 PM PDT by SkyDancer ("Ambition Without Talent Is Sad - Talent Without Ambition Is Worse")
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To: QT3.14

Ethanol plants here in Indiana are closing up faster than K-marts in the 1990s.

With Congress eliminating the subsidy for domestic and the tariff on imported ethanol earlier this year, I suspect Brazil will be hard to compete with.


7 posted on 07/22/2012 7:57:54 PM PDT by nascarnation
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To: QT3.14

So does the corn produced this year go for food or for ethanol? What will the Obamaverment decide?


8 posted on 07/22/2012 7:58:36 PM PDT by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: QT3.14
We are way past ethanol cutbacks here people. Lets just hope we can afford a chicken breast next summer.
9 posted on 07/22/2012 8:00:37 PM PDT by HereInTheHeartland ("The writing is on the wall - Unions are screwed. reformist2 10:04 PM #27")
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To: QT3.14

Just to long as it doesn’t drive up the cost of booze.


10 posted on 07/22/2012 8:15:55 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: QT3.14

I go to Pure stations. Non-ethanol gas. It screws up your car and boat motors anyways. Screw ethanol.


11 posted on 07/22/2012 8:22:32 PM PDT by goseminoles
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To: eyedigress

Instead of 13 billion bushels of corn, we may have only 9 or 10 billion bushels (same as produced in 2002/3), which surely must mean 30% of Americans are going to starve. Glad there won’t be any victims in Tennessee.


12 posted on 07/22/2012 8:28:35 PM PDT by jjotto ("Ya could look it up!")
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To: jjotto

I’m not sure I understand your post. The crop is global. Hard times come and go. TN will lose 30% of maximum. It is still enough to pay the bills.


13 posted on 07/22/2012 8:40:38 PM PDT by eyedigress ((zOld storm chaser from the west)/?)
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To: QT3.14

Great Leader Obama can erase the work requirement in our welfare benefits law and stop deportation of illegals so they can stay to vote (illegally) with a stroke of his mighty presidential pen.

Why can’t he similarly pen a note suspending the mandate to turn needed food corn into a third rate additive to gasoline and thus moderate the price rise of corn due to the drought?

Maybe closer to the election he will do it as we voters have such brief memories and need to be jacked up real close to the election for the act to influence us.


14 posted on 07/22/2012 8:42:19 PM PDT by RicocheT (Eat the rich only if you're certain it's your last meal)
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To: eyedigress

You have overlooked the most important fact....... there will still be more than adequate corn to make Jack Daniels and George Dickel


15 posted on 07/22/2012 8:52:47 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: bert

Shouldn’t there be a law against using all that food just for intoxication? Oh, wait... Nevermind.


16 posted on 07/22/2012 8:55:36 PM PDT by jjotto ("Ya could look it up!")
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To: Repeal The 17th

Maybe this will be the end of burning enough corn in a fuel tank to feed someone for a year.


17 posted on 07/22/2012 8:57:55 PM PDT by tbw2
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To: RicocheT

Apparently the EPA sets the ethanol requirement administratively so Obama could order the EPA to suspend or reduce it.
http://theenergycollective.com/geoffrey-styles/95536/food-vs-fuel-and-midwest-drought

Which brings to mind the story of Stalin(?) plucking a chick and then showing people how happily it then cuddled in his palm for warmth...

( I think I’ve mixed that story up LOL! But do remember the point of it.)


18 posted on 07/22/2012 8:59:58 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: QT3.14

As I’ve said for many, many years- buy fertilizer stocks!


19 posted on 07/22/2012 9:06:38 PM PDT by WackySam (Obama got Osama just like Nixon landed on the moon.)
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To: GreyFriar

in a free market we’d have already decided...in this Obamaverment...u can drive till u run out of money and starve to death looking for food...


20 posted on 07/22/2012 9:28:18 PM PDT by M-cubed
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To: WackySam

Our local ethanol plant uses 100,000 bushels per day from what I’ve heard, and the ethanol plants right now are competing with each other for corn stocks. They’re facing possible layoffs.

I personally would LOVE to run straight gas with no corn in it. I just can’t get it around here.


21 posted on 07/22/2012 9:30:39 PM PDT by Big Giant Head
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To: GreyFriar

in a free market we’d have already decided...in this Obamaverment...u can drive till u run out of money and starve to death looking for food...


22 posted on 07/22/2012 9:32:19 PM PDT by M-cubed
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To: WackySam

Not so fast! If farmers not growing why would they have the need to buy.


23 posted on 07/22/2012 9:42:51 PM PDT by Orange1998
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To: Big Giant Head

pure-gas.org
click on MO


24 posted on 07/22/2012 9:55:39 PM PDT by Cold Heart
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To: BenLurkin
Just to long as it doesn’t drive up the cost of booze.

I'm making corn whiskey as we speak.

No shortage of white corn here in NJ. Just got to watch out for the revenoors.

25 posted on 07/22/2012 10:03:55 PM PDT by Focault's Pendulum (If Obama was any more thin skinned, he'd have a receptacle end: Dennis Miller)
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To: QT3.14

Hope it just goes away.


26 posted on 07/22/2012 10:05:03 PM PDT by fedupjohn (America...Designed by Geniuses...Now run by Idiots)
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To: Orange1998
Not so fast! If farmers not growing why would they have the need to buy.

Who says they're going to stop growing it?
27 posted on 07/23/2012 6:43:44 AM PDT by WackySam (Obama got Osama just like Nixon landed on the moon.)
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To: Cold Heart

There may be plenty of stations claiming to be ethanol free, but in Missouri, the regular gasoline is required by law to contain ethanol. Premium is exempt from this requirement.

http://www.afdc.energy.gov/laws/laws/MO/tech/3252


28 posted on 07/23/2012 6:53:20 AM PDT by thackney (life is fragile, handle with prayer)
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