BioFuels Journal

Interstate Commodities, Inc., to Supply Corn to Northeast Biofuels 100 MMGY Ethanol Plant

TROY, NY—Interstate Commodities, Inc. (ICI), a commodity trading company, announced March 3 it will be the exclusive supplier of corn and merchandiser of distillers grains for the Northeast Biofuels 100 million-gallon-per-year ethanol plant in Fulton N.Y.

"This is an exciting entry for our company into the biofuels market," said Greg Oberting, President & CEO.

"This venture will create huge new marketing opportunities for grain farmers across New York," Oberting continued.

"We are very proud to support New York agriculture in partnership with Northeast Biofuels."

The deal is expected to offer stability to producers in a very volatile grain market, affording them the option to forward-contract their crop with a variety of pricing options.

ICI has significant experience working with producers to maximize potential returns with many purchase options, including flat price cash pricing, basis pricing, futures only sales, D.P., and storage options, Oberting said.

Northeast Biofuels, which is expected to go online this spring, is projected to consume 36 million bushels of corn and produce 323,000 tons of dried distillers grains annually.

A team of representatives from ICI hosted a farmer-marketing meeting March 5 in Auburn, N.Y. at the Aurora Inn to inform the farming community about the marketing opportunities created by the new contract.

Interstate Commodities, headquartered in Troy, N.Y. since it's founding in 1947, is a grain and feed ingredient merchandising company, a commercial grain handling and storage company with storage facilities in excess of 10 million bushels capacity, and a transportation company operating several thousand privately owned railcars.

In the commodities merchandising business, service and prices go hand in hand.

For more information, call 800-833-3636.