# Nebraska, Iowa ethanol producers hail opening of Japan’s market, expect sales to top last year’s - Governors' Biofuels Coalition

> Minnesota corn farmers finished harvest with October average prices of $3.02 per bushel, 13 cents below a year earlier and well below production costs. The EPA's 2018 renewable fuel standard held at 15 billion gallons, with cellulosic volumes down 7%.

- Date: 2017-12-21 · published 2017-12-21T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/67476-nebraska-iowa-ethanol-producers-hail-opening-of-japan-s-market-expect-sales-to
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Stable RFS volumes support ethanol corn demand, but low farm prices relative to costs keep pressure on corn markets and farmer selling.

## Read by commodity

- CORN: neutral
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-07-17 | [EPA proposal on biodiesel regulations draws concerns from Nebraska, Iowa ethanol producers](https://feedsoft.ai/events/69852-epa-proposal-on-biodiesel-regulations-draws-concerns-from-nebraska-iowa-ethanol.md) | +2.4% | -1.3% |
| CORN | 2026-09-10 | [American Ethanol Exports: Winning Global Markets for U.S. Biofuels](https://feedsoft.ai/events/17461-american-ethanol-exports-winning-global-markets-for-u-s-biofuels.md) | +3.2% | +1.6% |
| CORN | 2025-03-05 | [Year-round E15 needed as latest data shows record ethanol production driven by exports, not domestic use \| Ethanol Producer Magazine](https://feedsoft.ai/events/25569-year-round-e15-needed-as-latest-data-shows-record-ethanol-production-driven-by.md) | +3.5% | +6.0% |
| CORN | 2020-06-25 | [Market Perspectives – June 25, 2020 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/52671-market-perspectives-june-25-2020-page-7-of-10-u-s-grains-and-bioproducts-council.md) | +4.3% | -0.1% |
| CORN | 2020-04-17 | [Biofuels industry opposes governors’ RFS request](https://feedsoft.ai/events/53527-biofuels-industry-opposes-governors-rfs-request.md) | -0.9% | -1.5% |

## Sources

- governorsbiofuelscoalition.org: https://www.governorsbiofuelscoalition.org/ethanol-producers-hail-opening-of-japans-market-expect-sales-to-top-last-years/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.