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CBOT July 2021 soybeans (candlesticks) with 20-day moving average (dark green line) and CBOT July 2021 corn (orange line, left column). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy drop; soyoil limit-down

Spring wheat futures guide wheat markets lower

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

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

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

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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
(ThamKC/iStock/Getty Images)
Crops, Markets, Reuters

White House to stick with 2020 biofuel plan, despite farmer objections

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New York | Reuters — The Trump administration plans to stick with its proposed 2020 biofuel blending requirements, the White House said on Wednesday, despite anger among farmers that the plan does too little for corn growers. The decision could undermine President Donald Trump’s support among farmers, an important constituency in the November 2020 election. […] Read more
(ThamKC/iStock/Getty Images)
Crops, Machinery & Shop, Reuters

Biofuels group suing U.S. EPA over small refinery exemptions

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Washington | Reuters — Biofuels group Growth Energy filed a federal lawsuit against the U.S. Environmental Protection Agency on Monday, challenging the agency’s renewable fuel mandate for 2019 as failing to address rising waived biofuel volumes. “EPA’s inaction on addressing lost gallons due to small refinery exemptions in this rulemaking is a clear violation of […] Read more
Valero Energy’s ethanol plant at Aurora, S.D., about 90 km north of Sioux Falls. (Valero.com)
Crops, Reuters

U.S. EPA lifts 2019 biofuels mandate

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Washington | Reuters — The U.S. Environmental Protection Agency on Friday lifted its annual blending mandate for advanced biofuels, drawing praise from the U.S. biofuels industry, but disappointment that the government had not done more to protect the agricultural market. Under the U.S. Renewable Fuel Standard, oil refiners must blend increasing amounts of biofuels into […] Read more

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