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Speculative net short position in canola hits new record

CBOT long liquidation saw the net long position in soybeans dip

The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).



The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)

Biden backs ethanol industry on low-emission aviation fuel tax credits

Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales

Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.