GFM Network News

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans up on firm cash markets, vegoils

Corn, wheat futures sputter

Chicago | Reuters — U.S. soybean futures ended higher on Tuesday for a fourth straight session, with the benchmark November contract touching a one-week top on firm cash markets and global demand for vegetable oils, analysts said. But Chicago Board of Trade corn and wheat futures closed lower, sagging after a choppy session. CBOT November

In 2020, U.S. gas sales were 119 billion gallons, down 21 billion gallons compared to 2017.

Opinion: Ethanol’s future is running out of gas

As electric vehicles take off, biofuels are set to sputter

The key ingredients for a looming crack-up in ethanol — the fast rise of electric vehicles, lukewarm politics, and more evidence of catastrophic climate change — are in place and few in ag policy circles are prepared to face that reality. In fact, none of those woes are new; they’ve been building for years. For

(ThamKC/iStock/Getty Images)

U.S. EPA recommends lowering 2020 biofuel mandates retroactively

Agency not confirming or denying sources' statements

Reuters — The U.S. Environmental Protection Agency has recommended retroactively lowering biofuel blending mandates for 2020, two sources familiar with the matter said, after the agency on Thursday sent a proposal on the mandates to the White House for review. The move could provide immediate relief to oil refiners that have to comply with the

Editor’s Take: The enemy of my enemy is my friend

Canadian farm publications — or Canadian farmers for that matter — don’t often heap well wishes on U.S. farm groups. While there are often shared interests there are also, all too often, bones of contention. From country-of-origin labelling (COOL) to dairy quotas, Canadian agriculture frequently finds itself under withering not-so-friendly fire from our southern neighbours.

Bipartisan U.S. bill aims to eliminate corn ethanol volume mandate

Reuters – A bipartisan group of U.S. senators introduced legislation last week that would eliminate a national mandate requiring oil refiners to blend corn-based ethanol into their fuel mix — a proposal that would slam corn growers and is likely to face vehement opposition from the farm lobby. Republican Senator Pat Toomey from Pennsylvania and

A rebound in demand for biodiesel and bioethanol this year is projected to exceed pre-pandemic levels.

EU biofuel imports drop as pandemic recovery draws on stocks

European Union imports of biofuel are expected to drop by a quarter this year as the bloc draws on large inventories to meet growing demand after the easing of coronavirus restrictions, the European Commission said July 6. Rebounding demand for biodiesel and bioethanol in 2021 is projected to exceed the level before the COVID-19 pandemic,

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

U.S. grains: Corn futures retreat on profit-taking

Corn still up 12 per cent on week; traders adjust positions before July 4 weekend

Chicago | Reuters — Chicago Board of Trade corn futures retreated on profit-taking on Friday, while soybean futures extended gains fueled by lower-than-expected U.S. acreage estimates and dry weather in part of the Midwest, traders said. Corn pulled back after surging by the daily, exchange-imposed limit on Wednesday when the U.S. Department of Agriculture shocked