Washington/South Sioux City | Reuters — President Donald Trump said on Thursday his administration is planning a “giant package” related to ethanol that would please U.S. farmers angry that many more oil refiners have been freed from obligations to use the corn-based fuel. Clashes between farmers and the oil industry over biofuel policy have posed […] Read more
Trump promises ethanol-related ‘giant package’ to please farmers
U.S. ethanol industry nearing breaking point: Green Plains CEO
New York | Reuters – The U.S. ethanol industry is about to break under the weight of the Trump Administration’s trade war with China and the surge in the number of small refineries exempted from the nation’s biofuel laws, said Todd Becker, CEO of Green Plains. The U.S. ethanol industry was preparing for growth in […] Read more
U.S. Midwest floods to weigh on diesel demand come harvest
Putnam County, Ill. | Reuters — A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said. Heavy storms that lingered over the Midwest left millions of acres unseeded and put crops that were planted late […] Read more
Midwest floods hammer U.S. ethanol industry
New York | Reuters — The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of the biofuel. The historic March floods have dealt a series of blows to large swaths of an ethanol industry that […] Read more
U.S. grains: Wheat edges lower on profit-taking
New York | Reuters — U.S. wheat futures inched lower on Tuesday as investors took profits after prices hit a one-month high on U.S. export optimism and adverse weather in the United States that threatened to delay sowing. Soybean and corn futures fell on technical selling. Chicago Board of Trade May wheat dropped 1/4 cent […] Read more
U.S. grains: Wheat rises on short-covering, planting worries
New York | Reuters — U.S. wheat futures gained on Monday, lifted by short-covering and technical buying, as well as concerns about North American production as weather in the Midwest threatened to delay planting. Corn prices also rose, extending gains into a fourth session, while soybean futures firmed. The May wheat futures contract on the […] Read more
U.S. grains: Wheat posts steepest weekly decline in half a year
Chicago | Reuters — U.S. wheat prices fell on Friday and posted their steepest weekly decline since late August as technical selling and competitive global supplies pressured prices. Soybean and corn prices rose, rebounding from earlier losses, but gains were capped on concerns surrounding strong export competition. The most-active wheat contract on the Chicago Board […] Read more
U.S. grains: Soybeans fall as trade concerns weigh
Chicago | Reuters — U.S. soybean prices fell on Thursday despite stronger-than-expected export sales as investors worried that an eagerly awaited trade deal between Washington and Beijing remained elusive. Wheat and corn also fell as heavy deliveries against the March contracts weighed on the market. There were 820 deliveries against CBOT March soybeans, 400 deliveries […] Read more
U.S. grains: Soybeans fall after comments on trade talks
Chicago | Reuters — U.S. soybean prices fell on Wednesday after a U.S. trade official said purchase promises were not enough to solve U.S.-China trade issues and that it was too early to predict an outcome to talks between the two countries. Any deal between Washington and Beijing must include a way to ensure commitments […] Read more
U.S. grains: Wheat sinks on plentiful global supply
Chicago | Reuters — U.S. wheat futures slid for a second consecutive session on Tuesday to the lowest in 10 months as cheaper exports from producers including Russia weighed on demand for U.S. supplies. Soybeans also fell, giving up the last session’s gains, as a rapidly advancing harvest in top exporter Brazil boosted global supplies. […] Read more
Cyber-Savvy Farmer
