GFM Network News


Bayer plans more cost cuts, impairment charges

Pandemic now expected to hit crop science wing

Reading Time: 2 minutes Berlin | Reuters — German drugs and chemical company Bayer announced plans on Wednesday for more than 1.5 billion euros (C$2.34 billion) of cost cuts as of 2024 and said it would take impairment charges on its agricultural business as it battles with low commodity prices. Bayer said that the impact of the coronavirus on […] Read more



Green Plains sues ADM, alleging ethanol market manipulation

Reading Time: < 1 minute Chicago | Reuters — Green Plains Inc., one of the biggest U.S. ethanol producers, sued Archer Daniels Midland on Tuesday, accusing the global grain trader of manipulating the price of the biofuel to profit from its positions in the derivatives market. Green Plains filed the proposed class action with the U.S. District Court of Nebraska, […] Read more

CBOT weekly outlook: Ag commodities steady

Slack demand for biofuel has dragged on corn

Reading Time: < 1 minute MarketsFarm — Crop commodity values on the Chicago Board of Trade (CBOT) have largely stabilized as COVID-19 restrictions are relaxed in several U.S. states. “We’ve been playing this virus for a few months now,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. COVID-19-related lockdown measures decimated demand for ethanol, which put considerable pressure on […] Read more



Ethanol woes spur new feed focus for Green Plains

Biofuel maker to reinvent itself as DDGS-based feed maker

Reading Time: 2 minutes Chicago | Reuters — Green Plains Inc., one of the biggest U.S. ethanol producers, is planning to flip its business model upside down to survive a crash in prices for the corn-based fuel. The company will invest some $400 million in the next two to three years at its 13 plants to make high-protein, corn-based […] Read more


White House to stick with 2020 biofuel plan, despite farmer objections

Reading Time: 2 minutes New York | Reuters — The Trump administration plans to stick with its proposed 2020 biofuel blending requirements, the White House said on Wednesday, despite anger among farmers that the plan does too little for corn growers. The decision could undermine President Donald Trump’s support among farmers, an important constituency in the November 2020 election. […] Read more

Oil vs Corn: U.S. lawmakers set hearing on fractious biofuels policy

Reading Time: 2 minutes The U.S. oil and corn industries will continue a long-running public battle over America’s biofuels policy on Tuesday during a Congressional hearing about the Trump administration’s use of “secret waivers” for refineries. The hearing set by the Energy and Commerce Committee will air out the grievances of two key political constituencies heading into next year’s […] Read more


Grains, oilseeds not included in Greens’ plans for biofuel

Reading Time: 3 minutes The federal Green Party’s plan to move Canada to zero emissions by 2050 supports the near-term use of plant-based biofuels — “but not from food that could otherwise feed Canadians.” Ahead of Monday’s federal election, the party released a climate action plan dubbed “Mission: Possible” that would ban the use of internal combustion engines in […] Read more

Trump’s EPA promises biofuel boost, angers Big Oil

Reading Time: 3 minutes Washington/New York | Reuters — The Trump administration on Friday unveiled a plan to boost U.S. biofuels consumption starting next year to help struggling farmers, a move that cheered the agriculture industry but triggered a backlash from Big Oil. The plan would require an unspecified increase in the amount of ethanol that oil refiners must […] Read more