Jeff Dennis 02/13/2011 @ 10:23am
What happens to the Enogen corn when the market does its job of rationing usage by possibly shutting down ethanol or causing bankruptcy again? Let me guess. Syngenta will send a truck to your farm to get the corn that had a guaranteed market because everyone knows that contracts are never broken with ethanol plants. RIGHT.
whats it worth?
Jeff Dennis 02/13/2011 @ 10:14am
The trait gives the corn an intrinsic value of about a nickel a bushel more. Unless every bushel an ethanol plant received was Enogen corn, it would have to be segregated through the entire process. There would be no incentive for the plant to give the full nickel to the producer obviously. Soooo, if the plant split the difference an gave an extra .025 cents to the farmer on a 160 bu crop, thats 4.00/acre. From what I read its worthless in the food grade market. Would anyone grow IP soybeans for $ 4.00 an acre ? Especially if they were worthless as crusher soys. I dont think so. Once again, huge numbers are thrown around on energy consumption and efficiency knowing that the average reader cannot do the math to put it into perspective.
3 Things to Watch This Morning, Thursday… By: Jeff Caldwell03/26/2015 @ 6:11am
The grains are hanging onto gains heading into Thursday.A combination of mostly bullish factors…
Applying N? You May Be Wasting Your Time and… By: Jeff Caldwell03/25/2015 @ 11:04am
There is an old saying: The definition of insanity is doing the same thing over and over expecting…
3 Things to Watch This Morning, Wednesday… By: Jeff Caldwell03/25/2015 @ 6:21am
Outside factors support grains heading into midweek trading.Crude oil and the U.S. dollar are…
Get regular updates on ag news, exclusive offers, and special reports