New York | Reuters — The Biden administration proposed on Tuesday a reduction in the amount of biofuels that U.S. oil refiners were required to blend into their fuel mix since the onset of the COVID-19 pandemic. The long-awaited decision offers some relief to the U.S. refining industry after the health crisis slammed domestic demand […] Read more
Tag Archives epa — page 3
U.S. EPA proposes biofuel mandate cuts
Proposal seen as boost to pandemic-hit refiners
U.S. EPA to propose expanding credit eligibility under biofuel program
New York | Reuters — The Biden administration is expected to propose expanding the kinds of renewable fuel production processes that are eligible to receive credits under the U.S. Renewable Fuel Standard program, three sources familiar with the matter said. The move could help increase production of advanced biofuels, which include lower-carbon products such as […] Read more
U.S. grains: Soybeans ease as Midwest’s rains seen boosting crop
CBOT December corn up, wheat down
Chicago | Reuters — U.S. soybean futures fell for a second straight session on Friday as rains were seen boosting harvest prospects in some dry areas of the Midwest farm belt. Wheat futures fell on profit-taking and spillover pressure from lower soybeans, although concerns about global supplies limited declines. Corn was lower much of the […] Read more
U.S. EPA recommends lowering 2020 biofuel mandates retroactively
Agency not confirming or denying sources' statements
Reuters — The U.S. Environmental Protection Agency has recommended retroactively lowering biofuel blending mandates for 2020, two sources familiar with the matter said, after the agency on Thursday sent a proposal on the mandates to the White House for review. The move could provide immediate relief to oil refiners that have to comply with the […] Read more
CBOT weekly outlook: Factors worth watching
Oats showing recent strength
MarketsFarm — Choppiness in Chicago Board of Trade (CBOT) soyoil, a potential increase in corn prices and an upcoming production report from Statistics Canada are factors on which grains analyst Terry Reilly suggests keeping an eye. Soyoil has been hit by early reports that the U.S. Environmental Protection Agency was going to recommend to the […] Read more
U.S. grains: Soybeans, wheat gain in commodities rebound
Biofuel worries cap corn
Chicago | Reuters — U.S. soybean futures firmed on Monday in a modest recovery from last week’s two-month low as crude oil markets rebounded and lifted soyoil prices more than three per cent, traders said. Wheat also gained as the U.S. dollar softened and as weekly export inspections topped trade expectations. Corn was flat to […] Read more
U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries
CBOT, MGEX December wheats also down
Chicago | Reuters –– U.S. soybean futures fell to their lowest in nearly two months on Friday and corn set a near one-month low on macroeconomic concerns along with beneficial rains in the western Midwest and Plains, analysts said. Soyoil futures fell more than five per cent on reports that the U.S. Environmental Protection Agency […] Read more
U.S. to ban use of chlorpyrifos on food crops
Cancellation already scheduled for most outdoor use in Canada
UPDATED, Aug. 25 –– Chicago | Reuters — The U.S. Environmental Protection Agency on Wednesday said it will ban the use on food crops of chlorpyrifos insecticide, which has been linked to health problems in children. The decision is a victory for environmental activists who have fought to stop the use of the chemical that […] Read more
U.S. appeals court rules for environmental groups in biofuel case
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
U.S. Supreme Court backs refineries in biofuel waiver dispute
Top court overturns ruling against EPA granting waivers
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
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