Fri, Apr 18, 2014, 7:43 AM EDT - U.S. Markets closed for Good Friday

Recent

% | $
Quotes you view appear here for quick access.

Green Plains Renewable Energy, Inc. Message Board

  • elahens elahens Apr 3, 2013 11:36 AM Flag

    Drought leads to more sorghum

    I supsect more than PEIX wil be lowering their feedstock costs by mixing 20% sorghum with corn. Not just the cost but also the 'Advanced Biofuel' credit incentive.

    Not yet included in GPRE forecast. or numbers.

    ------------------------------------------------------------------------

    That does seem to be the case. Total grain sorghum acreage in the March 28 planting intentions report came in at 7.62 million acres--a 22 percent increase from 2012 and 39 percent more sorghum acreage than 2011's intentions report.

    Within this total, there are some hefty increase state by state. On a percentage basis, Missouri's sorghum intentions total is 69 percent higher than a year ago; Nebraska, up 52 percent; Colorado, up 35 percent; Texas, up 30 percent; Arkansas, up 21 percent; Georgia, up 18 percent; Kansas, up 16 percent; and South Dakota, up 15 percent.

    Perhaps a more significant number, though, is the actual acreage number. Kansas and Texas are the top two sorghum-producing states, combining for close to 80 percent of the crop. And in those two states, more than 1 Million acres have been added to the grain sorghum total--400,000 in Kansas (2.5 Million 2012, 2.9 Million 2013) and 700,000 in Texas (2.3 Million 2012, 3.0 Million 2013). Other states had these increases: Colorado 85,000 acres; Nebraska 75,000 acres; Missouri 45,000 acres; and South Dakota 30,000 acres.

 
GPRE
28.95-0.07(-0.24%)Apr 17 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Weibo Corporation
NasdaqGSThu, Apr 17, 2014 4:00 PM EDT
AsiaInfo-Linkage, Inc.
NasdaqGSWed, Jan 15, 2014 4:00 PM EST