New York | Reuters — The U.S. government on Wednesday proposed reducing the volumes of biofuel required to be used in gasoline and diesel in 2018, in a move that could mark the first step towards a broader overhaul to the controversial energy policy. The U.S. Environmental Protection Agency (EPA) proposal marked a slight decline […] Read more
U.S. proposes cutting biofuels requirements due to ‘market realities’
White House still weighing U.S. biofuels program change
Washington | Reuters — The Trump administration is reviewing the possibility of a key change to U.S. biofuels policy requested by oil refiners and Carl Icahn, the billionaire investor and special advisor on regulations to President Donald Trump, a White House official said Monday. The administration has no position “either way on this issue at […] Read more
Ethanol group, Icahn clash over details of U.S. biofuel negotiation
New York | Reuters — The head of the Renewable Fuels Association says billionaire investor Carl Icahn told him last week U.S. President Donald Trump was about to issue an order overhauling the U.S. biofuels program — something both Icahn and the White House have denied. Confusion over Trump’s plans for the Renewable Fuel Standard […] Read more
Canola’s rally pushes cash prices higher
CNS Canada — Canola cash prices notched gains with recent news out of the U.S., but the market remains rangebound, and near-term support is likely to run dry. Canola cash prices were supported by a two-day rally in the futures, said Mike Jubinville of ProFarmer Canada, but crushers have widened out the basis for nearby […] Read more
ICE weekly outlook: Canola rises amid biofuel uncertainty
CNS Canada — ICE Futures Canada canola contracts recorded substantial gains during the week ended Wednesday, on speculation the Trump administration would alter biofuel regulations in the U.S., which sparked a flurry of buying. So far the specifics of any changes have yet to be announced, but already some in the industry believe the U.S. […] Read more
U.S. grains: Corn, soyoil climb on biofuels news
Chicago | Reuters –– U.S. corn futures rose on Tuesday and soyoil futures climbed about four per cent on prospects for changes to the U.S. renewable fuels policy that could boost demand for corn-based ethanol and soy biodiesel, traders said. Both markets pared gains following a White House statement that no executive order was in […] Read more
White House denies Trump order on biofuels program
Reuters — The White House on Tuesday denied that U.S. President Donald Trump planned to issue an executive order to change the national biofuels program, after the U.S. Renewable Fuels Association (RFA) said Trump’s team had informed the group an order was pending. Trading in U.S. refinery shares, fuel futures and corn prices was turbulent […] Read more
U.S. ethanol sector pumped on Trump
San Diego | CNS Canada — “Building partnerships and growing markets” was the theme of the National Ethanol Conference in San Diego — a theme members of the U.S. Renewable Fuels Association (RFA) believe aligns well with an increased focus on national security and protectionist policies under new President Donald Trump. Speaking Tuesday, the head […] Read more
U.S. grains: Soyoil jumps on new U.S. biofuel targets
Chicago | Reuters — Chicago Board of Trade soyoil futures surged nearly seven per cent on Wednesday after the U.S. government released final requirements for biofuel use for next year, analysts said. The strength in soyoil lifted soybeans, but CBOT wheat closed lower and corn was narrowly mixed, pressured by a stronger U.S. dollar and […] Read more
U.S. ups biofuel requirements in win for Big Corn
New York | Reuters — The U.S. government on Wednesday announced finalized targets for biofuel use for next year, requiring that energy companies blend 19.28 billion gallons of renewables into the nation’s fuel supply. The Environmental Protection Agency (EPA) in a statement set the target for conventional biofuel, or ethanol, at 15 billion gallons and […] Read more
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