Thursday, May 10, 2012 3:02:58 PM
10 M A Y , 2 0 1 2 Brazil’s $2 Billion Cane Revival Plan Fails Brazil’s 4 billion-real ($2.1 billion) drive to revive sugar-cane production has faltered as government bureaucracy and a curb on foreign loans choked credit needed to finance planting. Cane refiners, who also grow the crop, couldn’t complete paperwork in time to qualify for loans from the state development bank known as BNDES before the main planting season ended last month, said Maurilio Biagi Filho, president of the ethanol producer Grupo Maubisa. In March, the government imposed a tax on overseas borrowing to stifle capital inflows that are boosting the currency.
See the rest of the article here
http://www.sugarinds.com/2012/05/brazils-2-billion-cane-revival-plan.html?m=1
Next ethanol production in the US is up.
The May 10, 2012 US ethanol production rising: DOE In Washington, the DOE says that ethanol production has returned to levels not seen in the past two months, with last week’s production reaching 897,000 barrels a day.
See the article here
http://www.biofuelsdigest.com/
USDA predicts record US corn harvest this summer!
See article here.
http://m.ajc.com/business/usda-predicts-record-us-1435157.html
If you put all these together it easy to see the United States is poised for record ethanol sales and corn oil production especially with a lot of facillities expanding and adding technologies like the tornado generator. And taking all that into consideration don't forget about E15 being approved. Could be gold paved highway in the near future!
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