Insights and Stories on Biofuel

Jun. 11, 2021 at 7:03 pm CDT

Chicago | Reuters — U.S. corn and soybean futures eased and soyoil futures plunged by their daily trading limit on Friday on concerns about demand for renewable fuel feedstocks after news the White House was considering offering fuel refiners relief from biofuel blending mandates. The Reuters report that the U.S. […]

By Karl Plume

May. 20, 2021 at 6:29 pm CDT

New York | Reuters — U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. The legislation, seen by Reuters, would impose a tax incentive of up […]

By David Shepardson, Stephanie Kelly

Mar. 23, 2021 at 6:15 pm CDT

Chicago | Reuters — Chicago soybean futures climbed on Tuesday, led by rising soybean oil as global edible oil supplies tighten. Corn futures also moved higher, as traders weighed Brazil’s late-planted second crop against beneficial rains in Argentina. Wheat followed the markets higher, despite much-needed rainfall across the U.S. Plains […]

By Christopher Walljasper

Jan. 29, 2021 at 3:41 am CST

New York | Reuters — The U.S. oil industry is seeking to forge an alliance with the nation’s corn growers and biofuel producers to lobby against the Biden administration’s push for electric vehicles, but is so far meeting a cool reception, according to multiple sources familiar with the discussions. The […]

By Jarrett Renshaw, Stephanie Kelly

Jan. 15, 2021 at 5:43 pm CST

New York | Reuters — The Trump administration is considering requests from the oil refining industry and its backers for a sweeping nationwide waiver to exempt them from their obligations to blend biofuels, a measure they argue would help them weather the economic impact of the coronavirus pandemic. U.S. President […]

By Stephanie Kelly