GFM Network News


U.S. grains: Corn edges higher on cool weather

Chicago | Reuters — U.S. corn futures inched higher on Thursday, stabilizing from three-month lows set a day earlier, supported by worries that cool weather could slow the maturity of the delayed U.S. crop, analysts said. Wheat rose on technical buying and better-than-expected weekly U.S. export sales. But soybean futures declined, retreating from early strength […] Read more






Ag-state senator says Trump EPA ‘screwed us’ with biofuel waivers

Washington | Reuters — Iowa’s Republican Senator Chuck Grassley said the Trump administration’s Environmental Protection Agency has “screwed” the U.S. ethanol industry and farmers by granting waivers to 31 small petroleum refineries, effectively exempting them from an obligation to use more ethanol in their products. The powerful senator, who represents the largest ethanol-producing state in […] Read more



U.S. refiners urge EPA to keep biofuel waiver requests secret from USDA

Washington | Reuters — A law firm representing small U.S. refineries has urged the Environmental Protection Agency to keep refiners’ applications for waivers from the nation’s biofuel policy secret from the Department of Agriculture, arguing that the petitions include confidential business information. The request, made by Perkins Coie in a letter to the EPA dated […] Read more



Commodities firm INTL FCStone enters Canadian market

Already handling ag commodities via partners north of the border, U.S. commodities brokerage and financial services firm INTL FCStone is bringing its own name into the Canadian market. The New York firm announced Tuesday it became a member of the Investment Industry Regulatory Organization of Canada (IIROC) effective May 17, clearing the company to offer […] Read more

As Biden tours Iowa, farmers want to know where he stands on ethanol

New York | Reuters — Joe Biden may have an ethanol problem. The former U.S. vice-president has pledged support for advanced biofuels as part of his bid for the 2020 Democratic presidential nomination. But Biden, who leads the crowded Democratic field in opinion polls in Iowa and nationally, faces lingering questions in the U.S. Farm […] Read more