Reading Time: 3 minutes New York | Reuters — U.S. President Donald Trump told a group of senators on Tuesday he is considering allowing exported ethanol to count toward the volumes mandated under the nation’s biofuels law, a move intended to appease both Big Oil and Big Corn by cutting the refiners’ regulatory costs while preserving demand for corn. […] Read more
Trump said considering counting ethanol exports toward quotas
POET unseats ADM as top global fuel ethanol maker
Reading Time: 2 minutes Chicago | Reuters — Privately held, U.S.-based POET has overtaken industry pioneer and global grain merchant Archer Daniels Midland to become the top ethanol producer in the world, the companies told Reuters. ADM had been the biggest ethanol maker since the U.S. began requiring refiners to mix billions of gallons of biofuels into the nation’s […] Read more
Trump administration weighs high-ethanol fuel waiver to placate farmers
Reading Time: 2 minutes New York | Reuters — The Trump administration is considering allowing the sale of a higher-ethanol fuel blend in the summer, a source familiar with the issue said, a move that would placate corn growers worried about the future of U.S. biofuels policy. U.S. President Donald Trump recently met with the heads of the Environmental […] Read more
Trump seen putting biofuel reform push on ice, for now
Reading Time: 3 minutes New York | Reuters — The Trump administration will delay any moves to reform the nation’s biofuel policy for about three months, according to three sources briefed on the matter — a decision one of the sources said was meant to shield farmers worried about a potential trade war with China. The decision comes after […] Read more
Trump pushes for more talks after ‘no deal’ on biofuels
Reading Time: 3 minutes Reuters — U.S. President Donald Trump has asked for more talks between representatives of the oil and corn industries after a meeting on Tuesday failed to yield an agreement on how to help refiners cope with the country’s biofuels policy. Trump has called the talks between Big Corn and Big Oil amid rising concern in […] Read more
Canola biodiesel processor in receivership
Reading Time: 2 minutes An eastern Saskatchewan biodiesel processor using growers’ heated, green, spring-harvested, tough and otherwise off-spec canola for feedstock is in receivership. Saskatchewan Court of Queen’s Bench on Thursday appointed Calgary-based insolvency trustee Hardie and Kelly as the receiver for Milligan Biofuels, which operates at Foam Lake, about 90 km northwest of Yorkton. Alberta’s Crown lending agency […] Read more
Trump open to biofuel policy reform, senators say
Reading Time: 2 minutes Washington | Reuters — U.S. President Donald Trump is open to reforming the country’s biofuels policy if it can be done in a way that protects jobs in both the refining and agriculture industries, senators said on Thursday after a meeting with Trump on the issue. Nine lawmakers had requested the meeting to argue that […] Read more
U.S. grains: Corn firms on short-covering at month’s end
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Thursday as fund-driven short-covering at the end of the month overshadowed disappointing export sales data, analysts said. Wheat futures on the Chicago Board of Trade ended mostly lower, with nearby contracts pressured by heavier-than-expected deliveries against the December contract on first notice day. Soybeans fell, led […] Read more
U.S. EPA ups biofuel targets slightly
Reading Time: 3 minutes Reuters — The U.S. Environmental Protection Agency said on Thursday it will require fuel companies to blend slightly more biofuels into the nation’s gasoline and diesel next year, angering oil refiners who view them as a competitive threat. The announcement follows weeks of lobbying by Midwestern lawmakers and representatives of the corn industry who wanted […] Read more
U.S. EPA abandons changes to biofuel program
Reading Time: 3 minutes New York | Reuters — The U.S. Environmental Protection Agency has backed off a series of proposed changes to the nation’s biofuels policy after a massive backlash from corn-state lawmakers worried the moves would undercut ethanol demand, according to a letter from the agency to lawmakers seen by Reuters. EPA Administrator Scott Pruitt said in […] Read more
A message from April Stewart, Country Guide's Associate Editor
