A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)

CBOT weekly outlook: High U.S. corn prices cut into ethanol production

MarketsFarm — Upcoming reports from the U.S. Department of Agriculture are expected to steer Chicago Board of Trade (CBOT) futures, at a time when high corn prices in the U.S. may be cutting into ethanol production in that country. According to the U.S. Energy Information Administration’s report released on March 3, 849,000 barrels of ethanol […] Read more

Valero Energy’s ethanol plant at Aurora, S.D., about 90 km north of Sioux Falls. (Valero.com)

COVID-19 spurs new clash between Big Oil, Big Corn

Flagging consumption leads to pressures on U.S. fuels, biofuels

New York | Reuters — A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the nation’s biofuel policy, this time over whether the policy should be suspended or expanded as a result of the crisis. The issue once […] Read more



A double rainbow over a Manitoba soybean field. (ImagineGolf/iStock/Getty Images)

U.S. grains: Soybeans firm on fund-driven buying

Chicago | Reuters — U.S. soybean futures firmed modestly on Wednesday in largely technical trade along with fund-driven buying and strength in allied soymeal futures, analysts said. Corn futures declined and wheat fell on technical selling. Chicago Board of Trade (CBOT) November soybean futures settled up one cent at $8.85-3/4 per bushel but stayed below […] Read more



(Dave Bedard photo)

U.S. ethanol output rising as industry awaits new mandates

Reuters — U.S. ethanol production topped one million barrels per day for the first time last week, data showed Wednesday, ahead of a government deadline to issue a plan for the country’s hotly debated biofuels program. The largest boost in production rates since May showed U.S. ethanol makers capitalizing on a recent uptick in profit […] Read more