biodiesel Archives - Page 5 of 10

CBOT January 2020 soybeans with 20-day moving average (green line) and January 2020 soyoil (blue line). (Barchart)

U.S. grains: Soy, corn, wheat rise for fourth straight day

By GFM Network News December 17, 2019

Chicago | Reuters — U.S. soybean futures rose for the fourth session in a row on Tuesday, hitting their highest level since Nov. 8, following the soyoil market’s rally to its highest in nearly two years, traders said. Corn and wheat futures also extended their winning streaks as funds unwound bearish bets on hopes for […] Read more

Crops, Reuters

U.S. biodiesel industry struggles without subsidy

By GFM Network News November 16, 2019

New York | Reuters — When John Whittington shut his Indiana biodiesel plant this week, he knew the move would leave all 14 of his workers there looking for jobs heading into the U.S. holiday season. But he felt he had no choice. A $1-per-gallon subsidy that had been propping up the industry since 2005 […] Read more

Crops, Machinery

Grains, oilseeds not included in Greens’ plans for biofuel

By GFM Network News October 20, 2019

The federal Green Party’s plan to move Canada to zero emissions by 2050 supports the near-term use of plant-based biofuels — “but not from food that could otherwise feed Canadians.” Ahead of Monday’s federal election, the party released a climate action plan dubbed “Mission: Possible” that would ban the use of internal combustion engines in […] Read more

Crops, Reuters

Trump backs plan boosting biofuel quotas 10 per cent in 2020

By GFM Network News September 16, 2019

New York | Reuters — U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said. The plan is intended to […] Read more

Crops, Machinery

Manitoba Tories pledge to pump up biofuel content

By GFM Network News August 27, 2019

Manitoba’s incumbent Progressive Conservatives have pledged to boost provincial mandates for biofuel content in gasoline and diesel two weeks ahead of a provincial election. The Tories, whom recent polls favour for re-election on Sept. 10, included the pledge Tuesday in a campaign announcement specifically aimed at the province’s farmers. The party noted its biofuel promise […] Read more

File photo of a canola field in northern France’s Normandy region. (Brasil2/iStock/Getty Images)

Canola, Crops, Markets, Reuters

Shut out of China, Canada finds canola buyers in drought-damaged Europe

By Rod Nickel, GFM Network News August 22, 2019

Winnipeg/Paris | Reuters — Crop-scorching drought in Europe is providing Canadian canola farmers a timely new opportunity to move supplies that have piled up since China stopped buying this year. Rising European sales are taking some of the sting out of losing the Chinese market for Canadian farmers, although ICE canola futures prices are down […] Read more

Crops, Machinery, Reuters

U.S. EPA proposes hike in 2020 biofuel mandate

By GFM Network News July 6, 2019

Washington | Reuters — The U.S. Environmental Protection Agency (EPA) on Friday proposed refiners increase the volume of biofuels blended into their annual fuel output but did not reallocate the waived amounts under the hardship program, drawing ire from powerful corn and biofuel groups as well as Republican senators. The EPA is charged with setting […] Read more

Crops, Markets

Commodities firm INTL FCStone enters Canadian market

By GFM Network News June 18, 2019

Already handling ag commodities via partners north of the border, U.S. commodities brokerage and financial services firm INTL FCStone is bringing its own name into the Canadian market. The New York firm announced Tuesday it became a member of the Investment Industry Regulatory Organization of Canada (IIROC) effective May 17, clearing the company to offer […] Read more

Crops, Markets, Reuters, Soybeans

EU seeks to soothe U.S. by clearing soybeans for biofuel

By GFM Network News January 29, 2019

Reuters — The European Commission said on Tuesday it had concluded that U.S. soybeans can be used in biofuels in the European Union, part of the bloc’s push to improve strained trade relations with the United States. However, industry sources said it was unlikely to lead to a flood of additional U.S. soybean imports into […] Read more

General, Markets, Reuters

Beef demand, crush margins boost Cargill’s Q1 ledger

By GFM Network News September 27, 2018

Reuters — Grains trader Cargill reported a nearly five per cent rise in quarterly profit on Thursday as global demand for beef and improved oilseed crushing results offset challenges in several business units. But Cargill also faced various headwinds across the company — particularly in its protein and food ingredients units, both of which have […] Read more

U.S. grains: Corn backs away from gains at close

U.S. livestock: Profit-taking pressures cattle futures

Government to invest in biofuel production

GFM Network News