biofuel Archives - Page 7 of 17

U.S. EPA recommends lowering 2020 biofuel mandates retroactively

Agency not confirming or denying sources' statements

By GFM Network News August 26, 2021

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 December 2021 oats (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and black lines). (Barchart)

Crops, Markets, Weather

CBOT weekly outlook: Factors worth watching

Oats showing recent strength

By GFM Network News August 25, 2021

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

A view of Imperial Oil’s Strathcona fuel refinery from the North Saskatchewan River. (Imperial Oil photo via BusinessWire)

Canola, Crops, Reuters, Soybeans

Imperial Oil lays out Alberta renewable diesel plan

Company would use 'locally grown' canola, soybean oils

By GFM Network News August 25, 2021

Reuters — Imperial Oil, one of Canada’s biggest oil producers and refiners, on Wednesday outlined a plan to process vegetable oil into renewable diesel at its 191,000-barrel-per-day Edmonton-area refinery. The project, which still requires final approval, is part of majority-owner Exxon Mobil’s goal of producing more than 40,000 barrels per day of low-emissions fuels by […] Read more

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans, wheat gain in commodities rebound

Biofuel worries cap corn

By GFM Network News August 23, 2021

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

CBOT December 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries

CBOT, MGEX December wheats also down

By Julie Ingwersen, GFM Network News August 20, 2021

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

Crops, Reuters, Soybeans

Fuel firm Marathon buys in on ADM soy crush plant

Marathon to process biodiesel from North Dakota plant's soy oil

By GFM Network News August 19, 2021

Reuters — Marathon Petroleum and ADM announced on Thursday a joint venture to produce soybean oil that will be exclusively sold to Marathon for its renewable diesel plant. Refiners are on the hunt for secure access to feedstocks for renewable fuels amid supply constraints and soaring prices for fats, greases and oils. A joint-venture soybean […] Read more

Crops, Reuters

U.S. appeals court rules for environmental groups in biofuel case

By GFM Network News July 16, 2021

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

Crops, Machinery, Reuters

U.S. court tosses Trump-era rule expanding ethanol sales

By GFM Network News July 3, 2021

New York | Reuters –– A federal appeals court on Friday struck down a U.S. rule put in place under former president Donald Trump to expand sales of corn-based ethanol, drawing ire from farm and biofuel groups that vowed to work to ensure that such sales continue. The U.S. Court of Appeals for the District […] Read more

CBOT December 2021 corn (candlesticks) with 20-day moving average (yellow line) and MGEX, CBOT and K.C. September 2021 wheats (black, green and orange lines). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Court ruling, rains pressure corn, soy

CBOT wheat down, MGEX spring wheat up

By Mark Weinraub, GFM Network News June 25, 2021

Chicago | Reuters — Corn and soybean futures tumbled on Friday after a U.S. Supreme Court ruling bolstered a bid by small oil refineries seeking exemptions from laws requiring them to blend ethanol or other biofuels into their products, traders said. “Each time the markets start to stabilize, having priced in the latest round of […] Read more

Crops, Markets, Reuters

U.S. Supreme Court backs refineries in biofuel waiver dispute

Top court overturns ruling against EPA granting waivers

By GFM Network News June 25, 2021

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

U.S. livestock: Cattle futures climb higher to end week

Draft ‘MAHA’ commission report avoids pesticide crackdown feared by farm groups

U.S. grains: Corn, soybeans rise on short-covering ahead of weekend, crop tour

GFM Network News