CBOT May 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Corn, wheat climb on Ukraine woes, U.S. biofuel plan

May soybeans also close higher

Chicago | Reuters — U.S. corn, wheat and soybean futures rose on Tuesday on worries about the Russia-Ukraine conflict persisting and disrupting Black Sea grain exports, and optimism about increased demand for biofuels, analysts said. U.S. President Joe Biden will unveil plans to extend the availability of higher biofuel blends of gasoline during the summer

U.S. considers adding more ethanol to gasoline to lower pump prices

Reuters – The Biden administration is considering temporarily removing restrictions on summer sales of higher-ethanol gasoline blends as a way to lower fuel costs for U.S. consumers, three sources familiar with the matter told Reuters. The review comes as President Joe Biden seeks to tame soaring pump prices, which hit a record this month following


“Corn ethanol is not a climate- friendly fuel.” – Tyler Lark.

Study finds corn ethanol worse than gasoline

Ethanol ‘at least’ 24 per cent more carbon intensive, researchers find

Reuters – Corn-based ethanol, which for years has been mixed in huge quantities into gasoline sold at U.S. pumps, is likely a much bigger contributor to global warming than straight gasoline, according to a study published recently. The study, published in the Proceedings of the National Academy of Sciences, contradicts previous research commissioned by the

ADM profit up on strong biofuel demand and ethanol margins

Reuters – Global grain trader Archer-Daniels-Midland Co. reported a jump of nearly 14 per cent in fourth-quarter earnings as rising biofuel demand and strong ethanol margins helped to boost operating profit at its carbohydrate solutions division. High energy and grain costs, however, clipped earnings at the corn-processing unit, as well as its core ag services


CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans reach seven-month peak

Oil strength, South American crop worries lift soy; CBOT corn up, wheat down

Chicago | Reuters — U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices. Concerns about a reduced South American harvest and exports from top soy supplier Brazil offered further support, with strength spilling over into corn

Ajay Dalai says a process to pelletize canola meal is now ready for commercialization.

Heating homes with canola meal

This byproduct of crushing could soon be replacing coal and natural gas

A project to turn canola meal into home heat through pelletization is ready for its next step. Ajay Dalai, a Canada Research Chair at the University of Saskatchewan, says they’re now ready to scale up pellet production and enter commercialization. He says the product could find a market as an eco-friendly replacement for coal and


Renewable diesel is going to be a game changer for Canada’s favourite oilseed. Here’s how.

Canada’s ‘Cinderella crop’ keeps on delivering for farmers

The crop that built a reputation for its high-quality food oil, is expected to see big demand close to home as a low-carbon, renewable fuel

Canada needs more canola. There’s the traditional food market for canola oil, but the renewable fuel market is catching fire — and that’s good for farmers and Canada’s economy, says Chris Vervaet, executive director of the Canadian Oilseed Processors Association (COPA). But more canola seed is needed to take full advantage of the new crushing

The RFS’s clearest success has been boosting income for corn and soybean farmers and related agricultural firms.

Comment: U.S. biofuel mandate helps farmers, but does little else

Research shows it does little for energy security and harms the environment

If you’ve pumped gas at a U.S. service station over the past decade, you’ve put biofuel in your tank. Thanks to the federal Renewable Fuel Standard, or RFS, almost all gasoline sold in the U.S. is required to contain 10 per cent ethanol – a fuel made from plant sources, mainly corn. With the recent