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(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans down on profit-taking before USDA data

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Chicago | Reuters — U.S. soybean futures dropped two per cent on Thursday, the steepest decline in 2-1/2 months, on profit-taking tied to lower veg oil prices and extended weather outlooks for rainfall in Argentina, traders and analysts said. U.S. President-elect Donald Trump’s nomination of Oklahoma Attorney General Scott Pruitt to run the nation’s Environmental […] 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, Reuters

U.S. ups biofuel requirements in win for Big Corn

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New York | Reuters — The U.S. government on Wednesday announced finalized targets for biofuel use for next year, requiring that energy companies blend 19.28 billion gallons of renewables into the nation’s fuel supply. The Environmental Protection Agency (EPA) in a statement set the target for conventional biofuel, or ethanol, at 15 billion gallons and […] Read more
(GrowthEnergy.org)
Crops, Markets, Reuters

China slaps anti-dumping duties on U.S. DDGS

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Chicago/Beijing | Reuters — China on Friday slapped anti-dumping duties on a U.S. animal feed ingredient known as distillers’ dried grains (DDGS) amid an intensifying spat between the world’s two largest economies over agricultural trade which totaled over US$20 billion last year. Beijing’s preliminary decision calls for duties of 33.8 per cent, effective immediately, the […] 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, Reuters

Clinton campaign studying alternative to U.S. ethanol mandate

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Washington/San Francisco | Reuters — Democratic U.S. presidential candidate Hillary Clinton’s campaign has solicited advice from California regulators on how to revamp a federal regulation requiring biofuels such as corn-based ethanol be blended into the nation’s gasoline supply, according to campaign and state officials. The move is the clearest sign yet that, if elected, Clinton […] Read more
(ADM.com)
Crops, Reuters

ADM eyes ethanol asset sales as weak margins hit Q2

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Chicago | Reuters — U.S. grain trader Archer Daniels Midland is pulling back in ethanol and exploring sales of its corn dry mills that produce the biofuel, the company said Thursday after reporting a lower second-quarter profit due partly to weak ethanol results. Chicago-based ADM, one of the world’s top ethanol makers, has made presentations […] Read more
(Dave Bedard photo)
Crops, Machinery, Markets

Crude’s slide hampers demand for Canadian biofuel

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CNS Canada — The trickle-down effect of slumping crude oil prices is being felt in the Canadian biofuel market and softening demand for corn and soybeans. Traditionally, ethanol is cheaper than gasoline, which encouraged processors to blend more than the mandated amount, according to Andrea Kent, president of the Canadian Renewable Fuels Association (CRFA). “When […] Read more
The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)
Corn, Crops, Machinery, Markets, Reuters

Cruz’s Iowa victory could show Big Corn’s waning influence

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New York | Reuters — U.S. Republican presidential candidate Ted Cruz’s victory on Monday in corn-rich Iowa could represent a major blow to the country’s controversial biofuels program, reflecting its waning influence over politicians even in the U.S. farm heartland. Cruz, a conservative senator from Texas and outspoken opponent of the Renewable Fuel Standard (RFS), […] Read more

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