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CBOT July 2022 wheat (candlesticks) with 50-day moving average (dark green line) and MGEX and K.C. July 2022 wheats (yellow and orange lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn down on Ukrainian export optimism

Soybeans firm on biofuel talk

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat sank on Wednesday for a second straight session to the lowest in nearly two months, as the market gauged diplomatic talks to unblock Ukrainian ports, while U.S. rainfall across the plains added pressure to prices. Corn followed, dropping to a nine-week low, as U.S. farmers caught up on planting […] Read more
(Frankpeters/iStock/Getty Images)
Canola, Crops, Machinery

U.S. EPA proposal likes canola oil for renewable fuel

A final EPA decision is expected this summer, which, if favourable, could add new demand for Canada's premier oilseed

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Reading Time: 3 minutes Canola has another feather in its cap — one which is expected to put more money in farmers’ pockets. In a ‘proposed decision’ released in April the U.S. Environmental Protection Agency (EPA) recognized canola oil’s value as an environment-friendly alternative to fossil-based fuel — a move that’s expected to add new demand for the crop. […] Read more
(ThamKC/iStock/Getty Images)
Corn, Crops, Reuters, Weather

U.S. EPA allows temporary summer sales of higher-ethanol fuel

Waiver seen as score for corn growers

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Reading Time: 2 minutes New York | Reuters — The U.S. Environmental Protection Agency issued an emergency waiver for a higher-ethanol gasoline blend on Friday, allowing summertime sales of the fuel in an attempt to help lower gasoline prices at the pump. The move represents a temporary win for the biofuels industry and corn farmers, as it will likely […] Read more
CBOT May 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, wheat climb on Ukraine woes, U.S. biofuel plan

May soybeans also close higher

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn, wheat and soybean futures rose on Tuesday on worries about the Russia-Ukraine conflict persisting and disrupting Black Sea grain exports, and optimism about increased demand for biofuels, analysts said. U.S. President Joe Biden will unveil plans to extend the availability of higher biofuel blends of gasoline during the summer […] Read more
An aerial view of modern farming, solar power generating field in Southern Ontario.
Features, Guide Business

Is farming on the cusp of being redefined?

The future could be much better than today. But will we decide that we want it?

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Reading Time: 6 minutes Farming has been described as the backbone of civilization. Without the domestication of crops and livestock, society as we know it would have been impossible. So, since it’s so important, everyone knows what farming is, right? If you ask a random group of people what farming is, and what role farmers play in society, you […] Read more
CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans reach seven-month peak

Oil strength, South American crop worries lift soy; CBOT corn up, wheat down

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices. Concerns about a reduced South American harvest and exports from top soy supplier Brazil offered further support, with strength spilling over into corn […] Read more
(ThamKC/iStock/Getty Images)
Crops, Machinery, Markets, Reuters

U.S. EPA proposes biofuel mandate cuts

Proposal seen as boost to pandemic-hit refiners

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Reading Time: 3 minutes New York | Reuters — The Biden administration proposed on Tuesday a reduction in the amount of biofuels that U.S. oil refiners were required to blend into their fuel mix since the onset of the COVID-19 pandemic. The long-awaited decision offers some relief to the U.S. refining industry after the health crisis slammed domestic demand […] Read more
A decal on a Gulfstream 650ER business jet at the National Business Aviation Association (NBAA) exhibition in Las Vegas on Oct. 21, 2019. (File photo: Reuters/David Becker)
Crops, Machinery, Reuters

U.S. EPA to propose expanding credit eligibility under biofuel program

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Reading Time: < 1 minute New York | Reuters — The Biden administration is expected to propose expanding the kinds of renewable fuel production processes that are eligible to receive credits under the U.S. Renewable Fuel Standard program, three sources familiar with the matter said. The move could help increase production of advanced biofuels, which include lower-carbon products such as […] Read more
Photo: iStock/Getty Images
Markets, Reuters

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

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Reading Time: 2 minutes Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing […] Read more
The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. Photo: REUTERS/Brendan McDermid
Markets, Reuters

ADM profit more than doubles on strong crush margins, vegoil demand

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Reading Time: 2 minutes Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more

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