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Crops, Markets, Reuters

U.S. grains: Soybeans rise for second day after U.S. crop conditions report

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New York | Reuters – Chicago soybean rose for a second consecutive session on Tuesday, after a weekly U.S. government report showed crop conditions deteriorated unexpectedly last week. Corn and wheat both fell as traders took profits at midday after prices rose in the session. “It’s a trading range without much conviction,” said Brian Hoops, […] Read more
(Dave Bedard photo)
Crops, Reuters

U.S. appeals court rules for environmental groups in biofuel case

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New York | Reuters — The U.S. Court of Appeals for the District of Columbia Circuit ruled on Friday in favour of environmental groups who argued against the U.S. government’s conclusion that biofuel blending obligations posed no danger to species’ habitats. The Environmental Protection Agency decides on the amount of biofuels that oil refiners must […] Read more
(ThamKC/iStock/Getty Images)
Crops, Markets, Reuters

U.S. Supreme Court backs refineries in biofuel waiver dispute

Top court overturns ruling against EPA granting waivers

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Reuters — The U.S. Supreme Court on Friday made it easier for small oil refineries to win exemptions from a federal law requiring increasing levels of ethanol and other renewable fuels to be blended into their products, a major setback for biofuel producers. The justices overturned a lower court decision that had faulted the U.S. […] Read more
Storage tanks at a PBF Energy refinery at Delaware City, Delaware on Aug. 21, 2015. (File photo: Reuters/Charles Mostoller)
Crops, Reuters

U.S. refiners amass biofuel liability as Biden mulls relief

Open RIN positions could hit refiners' earnings

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New York | Reuters — U.S. merchant refiners have amassed up to a US$1.6 billion shortfall in the credits they will need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall. […] Read more
A pair of Bombardier C series jets. (Bombardier.com)
Crops, Reuters

U.S. lawmakers to propose tax credit for sustainable aviation fuel

Fuel from plant oils, animal fats would qualify

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New York | Reuters — U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. The legislation, seen by Reuters, would impose a tax incentive of up to US$2 for every gallon […] Read more
(SimonSkafar/iStock/Getty Images)
Crops, Machinery, Markets, Reuters

Some U.S. ethanol producers cut production to sell natural gas for profit

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New York | Reuters — Sky-high U.S. natural gas prices have prompted some Midwestern ethanol producers to reduce processing in the last week, hoping instead to sell off some of their natural gas to take advantage of current high spot prices caused by the spike in cold weather, industry sources said. Ethanol margins in the […] Read more
(Scharfsinn86/iStock/Getty Images)
Crops, Machinery, Reuters

U.S. oil industry seeks unusual alliance with Farm Belt against electric vehicle agenda

'We weren't born yesterday'

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New York | Reuters — The U.S. oil industry is seeking to forge an alliance with the nation’s corn growers and biofuel producers to lobby against the Biden administration’s push for electric vehicles, but is so far meeting a cool reception, according to multiple sources familiar with the discussions. The effort marks an unusual attempt […] Read more
The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)
Crops, Machinery, Markets, Reuters

Trump administration mulls industry-wide biofuel waiver

Comment period would end after Trump's exit

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New York | Reuters — The Trump administration is considering requests from the oil refining industry and its backers for a sweeping nationwide waiver to exempt them from their obligations to blend biofuels, a measure they argue would help them weather the economic impact of the coronavirus pandemic. U.S. President Donald Trump’s Environmental Protection Agency […] Read more

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