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. Supreme Court backs refineries in biofuel waiver dispute
Top court overturns ruling against EPA granting waivers
U.S. grains: Corn, soy, wheat up after sell-off
Some traders feel Thursday's sell-off overdone
Chicago | Reuters — U.S. corn, soybean and wheat futures rose sharply on Friday, rebounding from steep declines a day earlier on bargain-buying ahead of the weekend and uncertainty about weather in the Midwest crop belt, analysts said. Fresh export interest lent support as this week’s break in futures appeared to stimulate demand. Chinese state-owned […] 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
U.S. grains: Corn, soy plunge on weather, broad commodities sell-off
CBOT wheat follows trend lower
Chicago | Reuters — U.S. corn and soybean futures fell sharply on Thursday, pressured by outlooks for rain and cooler temperatures in the Midwest crop belt, as well as spillover from broad-based selling in the commodities sector, analysts said. Wheat followed the weaker trend, with seasonal pressure noted from the U.S. winter wheat harvest. Chicago […] Read more
U.S. grains: Soybeans down with vegetable oil prices
Chicago July corn, wheat up
Chicago | Reuters — U.S. soybean futures fell on Wednesday to their lowest level in nearly two months, pressured by a retreat in global vegetable oil prices from multi-year highs, analysts said. Corn and wheat futures ended mixed, with the nearby July corn and wheat contracts closing higher, while back months declined. Chicago Board of […] Read more
U.S. grains: Corn, soy drop; soyoil limit-down
Spring wheat futures guide wheat markets lower
Chicago | Reuters — U.S. corn and soybean futures eased and soyoil futures plunged by their daily trading limit on Friday on concerns about demand for renewable fuel feedstocks after news the White House was considering offering fuel refiners relief from biofuel blending mandates. The Reuters report that the U.S. Environmental Protection Agency was pondering […] Read more
U.S. lawmakers to propose tax credit for sustainable aviation fuel
Fuel from plant oils, animal fats would qualify
New York | Reuters — U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. The legislation, seen by Reuters, would impose a tax incentive of up to US$2 for every gallon […] 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
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
Will the future be electric or driven by canola?
New fuel standard will give canola a major boost, but electric vehicles are a rival
Reading Time: 4 minutes Biofuels aren’t the only clean energy game in town, and a hoped-for boost for canola as a biofuel feedstock might be tempered by a surge in demand for electric vehicles. In December, the federal government released details of its Clean Fuel Standard, which ups the amount of biofuel in diesel. That prompted predictions it could […] Read more
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