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
Imperial Oil lays out Alberta renewable diesel plan
Company would use 'locally grown' canola, soybean oils
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
Fuel firm Marathon buys in on ADM soy crush plant
Marathon to process biodiesel from North Dakota plant's soy oil
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
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
U.S. refiners amass biofuel liability as Biden mulls relief
Open RIN positions could hit refiners' earnings
New York | Reuters — U.S. merchant refiners have amassed up to a US$1.6 billion shortfall in the credits they will need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall. […] Read more
ADM to crush soybeans in North Dakota
Ex-Cargill Malt plant to be redeveloped
A former malt processing plant in eastern North Dakota is set to be the site of the state’s first soybean crushing plant. U.S. ag processor ADM, the ‘A’ of the four ‘ABCD’ companies that dominate global grain trading, announced Monday it will spend about US$350 million to develop a dedicated soybean crush plant and refinery […] Read more
Even in Regina, biodiesel refinery will benefit Alberta canola growers
Proposed facility would be a huge user of canola and boost demand for crop, say canola leaders
Reading Time: 3 minutes A supersized new biodiesel plant will be good news for Alberta canola growers — even if it’s not actually located in Alberta. “It would have been great if it had been close to home for me personally, but there’s a bigger picture,” said Sylvan Lake producer Mike Ammeter, a director for Alberta Canola. “Even if […] Read more
Will there be any canola left in bins come fall?
'Stocks are setting up to be the smallest in years'
Reading Time: 2 minutes It’s been a time that canola growers won’t soon forget, says a provincial crop analyst. “Producers with unpriced canola remaining after the 2020 harvest have been delighted and amazed by the price increase since harvest,” Neil Blue said in a recent Agri-News article. “New record canola prices have been set for both futures and cash.” […] Read more
Viterra plans major canola crusher for Regina
Expected capacity would make facility largest in world
Grain handler and processor Viterra is taking its plans to build the world’s biggest canola crusher to its Prairie home town. The North American arm of Rotterdam-based Viterra said Monday it’s in the “feasibility” stage of designing and finalizing plans for what it bills as the “world’s largest integrated canola crush facility” in the northeast […] Read more
U.S. grains: Soyoil leads soybean complex higher
Wheat follows corn, soy higher
Chicago | Reuters — Chicago soybean futures climbed on Tuesday, led by rising soybean oil as global edible oil supplies tighten. Corn futures also moved higher, as traders weighed Brazil’s late-planted second crop against beneficial rains in Argentina. Wheat followed the markets higher, despite much-needed rainfall across the U.S. Plains production belt. The most-active soybean […] Read more
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