Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge’s crushing capacity will increase […] Read more
Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential
Canada's Competition Bureau pledges to review deal
ICE weekly outlook: Upswings likely out of question for canola
Canada's exports expected to ebb
MarketsFarm — Don’t expect any large increases in canola prices any time soon, according to Ken Ball of PI Financial in Winnipeg. In fact, there’s a good chance seen that old-crop canola could fall below its support level of $800 per tonne. Ball said 2022-23 canola ending stocks in Canada could increase because of the […] Read more
Alberta canola growers have a big new customer in their backyard
Imperial Oil’s new facility near Edmonton will produce one billion litres of renewable biodiesel annually
Reading Time: 2 minutes Imperial Oil has started construction of what will be the country’s largest renewable diesel facility and a major new customer for Alberta canola farmers. With an ever-increasing amount of canola being crushed domestically, Imperial is moving quickly to secure feedstocks such as canola for its new facility at its Strathcona refinery near Edmonton, said a […] Read more
Germany considering withdrawal from crop-based biofuels by 2030
Lawmakers seek to boost biofuel made from wastes
Hamburg | Reuters — Germany’s government is considering proposals to phase out the use of biofuels produced from food or animal feed crops by 2030, the German biofuels industry association (VDB) said on Tuesday, adding the measure could increase carbon emissions. German environment minister Steffi Lemke said Jan. 17 she will soon send proposals to […] Read more
U.S. EPA proposes revamp of biofuel program to include EVs
Mandated biofuel levels to rise through 2025
New York | Reuters — U.S. President Joe Biden’s administration on Thursday unveiled a three-year proposal to expand the U.S. biofuels policy with bigger volume mandates and — for the first time — to include a pathway for electric vehicle manufacturers to generate lucrative credits. Biden wants to fight climate change by reducing fossil fuel […] Read more
U.S. grains: Soy snaps win streak on disappointing biofuel mandates
Wheat falls on export sale data; soy weakness weighs on corn
Winnipeg | Reuters — Chicago soybeans fell on Thursday, snapping five days of gains as soybean oil sold off sharply after the U.S. government proposed smaller-than-expected biofuels blending requirements. Wheat slid on disappointing export sales, while soybean weakness dragged corn lower. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled down 39-3/4 […] Read more
ICE weekly outlook: Canola still rangebound but upside possible
Crush margins expected to stay high for now
MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for eight straight sessions before going […] Read more
The ball is just getting started for Canada’s Cinderella crop
Renewable diesel expected to permanently push up demand — and keep prices strong
Reading Time: 3 minutes Canola acres are down substantially this year but that’s not because growers’ fondness for their Cinderella crop has diminished. In fact, most are pretty excited about what lies ahead, said Alberta Canola vice-chair Ian Chitwood. “I think people are quite optimistic by how the market is looking and how things are looking for canola,” said […] Read more
U.S. EPA sets 2020-2022 biofuel mandates, denies refiners waivers
New York | Reuters — The U.S. Environmental Protection Agency on Friday issued biofuel blending mandates for 2022 and the prior two years — with this year’s number below one proposed in December — while denying oil refiners waivers to be exempt from the requirements. The EPA set biofuel blending mandates for 2022 at 20.63 […] Read more
U.S. EPA proposal likes canola oil for renewable fuel
A final EPA decision is expected this summer, which, if favourable, could add new demand for Canada's premier oilseed
Canola has another feather in its cap — one which is expected to put more money in farmers’ pockets. In a ‘proposed decision’ released in April the U.S. Environmental Protection Agency (EPA) recognized canola oil’s value as an environment-friendly alternative to fossil-based fuel — a move that’s expected to add new demand for the crop. […] Read more
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