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Tag Archives biofuel — page 15

(Photo courtesy Canola Council of Canada)
Crops, Markets

Canola’s rally pushes cash prices higher

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CNS Canada — Canola cash prices notched gains with recent news out of the U.S., but the market remains rangebound, and near-term support is likely to run dry. Canola cash prices were supported by a two-day rally in the futures, said Mike Jubinville of ProFarmer Canada, but crushers have widened out the basis for nearby […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola rises amid biofuel uncertainty

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CNS Canada — ICE Futures Canada canola contracts recorded substantial gains during the week ended Wednesday, on speculation the Trump administration would alter biofuel regulations in the U.S., which sparked a flurry of buying. So far the specifics of any changes have yet to be announced, but already some in the industry believe the U.S. […] Read more
The Andersons’ ethanol plant at Denison, Iowa. (AndersonsEthanol.com)
Crops, Markets

U.S. grains: Corn, soyoil climb on biofuels news

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Chicago | Reuters –– U.S. corn futures rose on Tuesday and soyoil futures climbed about four per cent on prospects for changes to the U.S. renewable fuels policy that could boost demand for corn-based ethanol and soy biodiesel, traders said. Both markets pared gains following a White House statement that no executive order was in […] Read more
RFA CEO Bob Dinneen, shown here last March in New Orleans, has said the group is optimistic for biofuel’s prospects under a Trump administration. (EthanolRFA.org)
Crops, Markets

White House denies Trump order on biofuels program

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Reuters — The White House on Tuesday denied that U.S. President Donald Trump planned to issue an executive order to change the national biofuels program, after the U.S. Renewable Fuels Association (RFA) said Trump’s team had informed the group an order was pending. Trading in U.S. refinery shares, fuel futures and corn prices was turbulent […] Read more
RFA CEO Bob Dinneen, shown here last March in New Orleans, has said the group is optimistic for biofuel’s prospects under a Trump administration. (EthanolRFA.org)
Crops

U.S. ethanol sector pumped on Trump

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San Diego | CNS Canada — “Building partnerships and growing markets” was the theme of the National Ethanol Conference in San Diego — a theme members of the U.S. Renewable Fuels Association (RFA) believe aligns well with an increased focus on national security and protectionist policies under new President Donald Trump. Speaking Tuesday, the head […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets

U.S. grains: Soyoil jumps on new U.S. biofuel targets

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Chicago | Reuters — Chicago Board of Trade soyoil futures surged nearly seven per cent on Wednesday after the U.S. government released final requirements for biofuel use for next year, analysts said. The strength in soyoil lifted soybeans, but CBOT wheat closed lower and corn was narrowly mixed, pressured by a stronger U.S. dollar and […] 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

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
(Dave Bedard photo)
Crops

U.S. biodiesel executives plead guilty over fraud scheme

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New York | Reuters — Two men pleaded guilty in a U.S. court on Wednesday to conspiracy, fraud and making false statements related to the U.S. government’s controversial policy designed to boost use of renewable fuels, according to court documents. The case comes in the last four weeks of a contentious U.S. presidential election campaign […] Read more
(DonaldJTrump.com)
Crops, Machinery

Trump biofuel proposals echo those of backer Icahn

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New York | Reuters — Republican Presidential candidate Donald Trump on Thursday appeared to weigh into a debate over a controversial U.S. biofuels program with a proposal that would back the position of billionaire investor Carl Icahn, one of his wealthiest backers. In a factsheet on economic policy, the Trump campaign slammed a system of […] Read more

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