New York | Reuters — The Trump administration will delay any moves to reform the nation’s biofuel policy for about three months, according to three sources briefed on the matter — a decision one of the sources said was meant to shield farmers worried about a potential trade war with China. The decision comes after […] Read more
Trump seen putting biofuel reform push on ice, for now
Corn-state senators seek Trump meeting as biofuel changes loom
Reuters — A group of senators from U.S. corn states have asked President Donald Trump for a meeting about the nation’s biofuels law, amid expectations the administration will soon act to lower the regulation’s costs to the oil refining industry. The group of Republican senators wrote a letter to Trump on Thursday in which they […] Read more
Feed weekly outlook: Canada importing more U.S. DDGS
CNS Canada — A better-quality Canadian grain crop in 2017 has opened the door to increased imports of distillers dried grains with solubles (DDGS) from the U.S., as Canadian livestock feeders look for other options. Canada imported about 700,000 tonnes of the ethanol byproduct from the U.S. in 2017, the largest imports since 2011 and […] Read more
Trump pushes Big Corn, Big Oil to break biofuels deadlock
New York | Reuters — U.S. President Donald Trump urged representatives from the rival oil and corn industries on Thursday to break a deadlock in talks over the future of the nation’s biofuels policy by accepting a deal involving reforms sought by both sides. Trump has arranged a series of talks between Big Corn and […] Read more
Trump pushes for more talks after ‘no deal’ on biofuels
Reuters — U.S. President Donald Trump has asked for more talks between representatives of the oil and corn industries after a meeting on Tuesday failed to yield an agreement on how to help refiners cope with the country’s biofuels policy. Trump has called the talks between Big Corn and Big Oil amid rising concern in […] Read more
Ontario proposal aims to double ethanol blend in fuel
Government move would boost corn market in the province
An Ontario government proposal could dramatically increase the amount of Ontario corn going into ethanol production and help bring consistency to the basis price for corn in the province. The government has posted its proposal to increase ethanol content in the province’s gasoline from five to 10 per cent to the Environmental Bill of Rights […] Read more
U.S. Midwest lawmakers will consider biofuel changes
New York | Reuters — U.S. lawmakers from states that produce corn for ethanol plants said on Wednesday they would consider proposals from Senator Ted Cruz of Texas to help the oil refining industry cope with the nation’s biofuels regulation, but would never agree on anything that diminishes the program. The price of U.S. renewable […] Read more
Trump open to biofuel policy reform, senators say
Washington | Reuters — U.S. President Donald Trump is open to reforming the country’s biofuels policy if it can be done in a way that protects jobs in both the refining and agriculture industries, senators said on Thursday after a meeting with Trump on the issue. Nine lawmakers had requested the meeting to argue that […] Read more
U.S. grains: Wheat, soy slump on technicals, commodities selloff
Chicago | Reuters — U.S. grain and soy prices fell on Wednesday, pressured by technical selling amid a broad downturn across many commodities as the dollar climbed. Chicago Board of Trade soybean futures eased from an earlier roughly four-month high while wheat futures declined for the third straight session, nearing their contract lows set in […] Read more
U.S. grains: Corn firms on short-covering at month’s end
Chicago | Reuters — U.S. corn futures rose on Thursday as fund-driven short-covering at the end of the month overshadowed disappointing export sales data, analysts said. Wheat futures on the Chicago Board of Trade ended mostly lower, with nearby contracts pressured by heavier-than-expected deliveries against the December contract on first notice day. Soybeans fell, led […] Read more
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