Reading Time: < 1 minute CNS Canada — Bearish headwinds facing the canola market may have gotten slightly worse, after the U.S. Environmental Protection Agency announced it was considering cuts to biofuel requirements in U.S. fuel. The EPA said Tuesday it was looking for feedback on proposed reductions to the renewable fuel obligations in the 2018 and 2019 Renewable Fuel […] Read more
ICE weekly outlook: Canola facing uphill climb
Court decision may boost biofuels, hit refiners
Reading Time: 2 minutes New York / Reuters – The U.S. government may have to require more biofuels to be blended into the country’s fuel supply after a court ruled on Friday that the mandates must be reconsidered, a decision that boosted renewable fuel credits to seven-month highs on financial markets. The decision sank stock prices of independent refiners […] Read more
U.S. proposes cutting biofuels requirements due to ‘market realities’
Reading Time: 2 minutes New York | Reuters — The U.S. government on Wednesday proposed reducing the volumes of biofuel required to be used in gasoline and diesel in 2018, in a move that could mark the first step towards a broader overhaul to the controversial energy policy. The U.S. Environmental Protection Agency (EPA) proposal marked a slight decline […] Read more
So history repeats itself
Reading Time: 7 minutes Consider for a moment what Canadian agriculture would look like today if farmers had never made the switch from horse power to tractor power. It isn’t such an absurd idea if you understand why farmers here actually resisted mechanization when it first appeared roughly a century ago. An interesting read is the text of the […] Read more
White House still weighing U.S. biofuels program change
Reading Time: 2 minutes Washington | Reuters — The Trump administration is reviewing the possibility of a key change to U.S. biofuels policy requested by oil refiners and Carl Icahn, the billionaire investor and special advisor on regulations to President Donald Trump, a White House official said Monday. The administration has no position “either way on this issue at […] Read more
Ethanol group, Icahn clash over details of U.S. biofuel negotiation
Reading Time: 3 minutes New York | Reuters — The head of the Renewable Fuels Association says billionaire investor Carl Icahn told him last week U.S. President Donald Trump was about to issue an order overhauling the U.S. biofuels program — something both Icahn and the White House have denied. Confusion over Trump’s plans for the Renewable Fuel Standard […] Read more
Canola’s rally pushes cash prices higher
Reading Time: < 1 minute CNS Canada — Canola cash prices notched gains with recent news out of the U.S., but the market remains rangebound, and near-term support is likely to run dry. Canola cash prices were supported by a two-day rally in the futures, said Mike Jubinville of ProFarmer Canada, but crushers have widened out the basis for nearby […] Read more
ICE weekly outlook: Canola rises amid biofuel uncertainty
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts recorded substantial gains during the week ended Wednesday, on speculation the Trump administration would alter biofuel regulations in the U.S., which sparked a flurry of buying. So far the specifics of any changes have yet to be announced, but already some in the industry believe the U.S. […] Read more
U.S. grains: Corn, soyoil climb on biofuels news
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures rose on Tuesday and soyoil futures climbed about four per cent on prospects for changes to the U.S. renewable fuels policy that could boost demand for corn-based ethanol and soy biodiesel, traders said. Both markets pared gains following a White House statement that no executive order was in […] Read more
White House denies Trump order on biofuels program
Reading Time: 3 minutes Reuters — The White House on Tuesday denied that U.S. President Donald Trump planned to issue an executive order to change the national biofuels program, after the U.S. Renewable Fuels Association (RFA) said Trump’s team had informed the group an order was pending. Trading in U.S. refinery shares, fuel futures and corn prices was turbulent […] Read more
A message from April Stewart, Country Guide's Associate Editor
