The U.S. government said on Thursday it approved a request from Midwestern governors allowing expanded sales of gasoline with higher blends of ethanol in their states, starting in 2025.
Tag Archives biofuel
US approves E15 gasoline sales expansion in Midwest starting 2025
Corn-based ethanol industry frustrated by late start date
‘Unprecedented’ growth possible for canola demand
Renewable fuels could propel canola demand into the stratosphere: speaker
The biofuels industry could drive canola demand into unheard of territory in the coming decade, according to one industry expert.
ICE weekly outlook: Upside seen for canola prices
'Aggressive manipulation' seen as a factor
MarketsFarm — Early gains were followed by late losses on ICE Futures’ canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving
ICE weekly outlook: Canola ‘due for a bounce’
Weather co-operating, mostly, for Prairie harvesting
MarketsFarm — A month-long decline of ICE Futures canola prices, which saw the oilseed lose $110 per tonne, came to an end and was followed by a bounce-back. While the price of the November canola contract still declined by $10/tonne to $726.10 during the week ended Wednesday, it hit its lowest price since the end
ICE weekly outlook: Canola market rising into summer
New StatCan acreage estimates out next week
MarketsFarm — ICE Futures canola contracts have climbed steadily higher since their late-May lows, nearing chart resistance to the upside on the first day of summer. Updated renewable fuel targets released by the U.S. Environmental Protection Agency failed to live up to expectations, sparking a speculative selloff in soyoil. While the limit-down move in soyoil
ICE weekly outlook: Canola will follow soyoil up or down
Prairie weather another guiding factor
MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an
CBOT weekly outlook: Weather market for soy, corn
U.S. targets for biofuel blending pending
MarketsFarm — With soybean and corn seeding nearing completion across the United States, attention in the futures markets is focused squarely on growing conditions. “We’re in a weather market, so look for traders to keep these prices chopping around over the next few weeks,” said Terry Reilly of Futures International in Chicago. Relatively dry conditions
Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential
Canada's Competition Bureau pledges to review deal
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
U.S. ethanol sector sets sights on lower-carbon aviation
The biofuel industry is looking to the skies for the next potential ethanol market
The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the U.S.’s Inflation Reduction Act. The ethanol industry is arguing such provisions are crucial to meeting U.S. climate goals. Why it matters: The biofuel market in the U.S. is looking for new footholds.
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
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