American biofuel sector may have to rely on U.S. agriculture secretary for relief — senator

American biofuel sector may have to rely on U.S. agriculture secretary for relief — senator

Reuters – The U.S. biofuel industry may have to depend on U.S. Agriculture Secretary Sonny Perdue for aid assistance, Senator Chuck Grassley from Iowa said August 4 after Senate Republicans unveiled a COVID-19 relief package that did not include more specific appropriations for the industry. A provision of the US$1-trillion HEALS Act, introduced by Senate Republicans in late

(File photo by Lisa Guenther)

Corteva posts weak revenue, disappointing outlook

Reuters — Corteva Inc. on Wednesday missed analysts’ expectations for second-quarter revenue and its reinstated full-year forecast came in below estimates, sending the seed and pesticide producer’s shares down as much as nine per cent in extended trade. Good weather and higher planted area shifted corn volumes in North America to the first quarter, while


CBOT weekly outlook: Large corn, soybean crops expected

CBOT weekly outlook: Large corn, soybean crops expected

MarketsFarm – The Chicago Board of Trade (CBOT) continues to watch growing conditions in key regions of the United States, as record yields are expected for corn crops. “Corn is pretty much made,” said Terry Reilly of Futures International in Chicago, Ill. “Conditions have improved significantly, and nobody sees any major problems.” Trade participants expect


The worst may be behind us, ethanol industry says

The biofuels sector is inching back from collapse after COVID kept roads empty

Reuters – The U.S. industry is showing some signs of recovery as governments ease stay-at-home orders that depressed fuel demand, while federal aid could be on the horizon for U.S. producers, industry officials said. Fuel demand collapsed by about a third with the spread of the novel coronavirus this spring, and U.S. ethanol production capacity


CBOT July 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat declines as USDA estimates record global stocks

Corn gains on ethanol estimates; soybean traders eye Chinese demand

Chicago | Reuters — Chicago wheat futures slid on Thursday after the U.S. Department of Agriculture estimated global stocks were at a record high in its monthly supply and demand report, traders said. Soybean futures ended nearly unchanged as the USDA lowered export expectations, even after recent purchases from China supported prices. Corn advanced as

CBOT July 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans fall in technical correction

Corn strengthens on ethanol revival; wheat slips as harvest mounts

Chicago | Reuters — Chicago soybean futures closed lower on Monday on technical selling, after reaching a two-month high, following a week of strong export sales. Corn gained as higher oil prices boosted hopes for ethanol demand and concerns loomed over mounting dryness in parts of the Midwest. Wheat slipped as harvests in Texas and