Insights and Stories on Biofuel

Oct. 4, 2019 at 7:00 pm CDT

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 […]

By Humeyra Pamuk, Stephanie Kelly

Oct. 4, 2019 at 6:10 pm CDT

Chicago | Reuters — U.S. corn futures dropped on Friday while soybeans and wheat edged higher in muted trading as investors waited for the U.S. government’s monthly update to harvest projections. Corn futures remained under pressure from profit-taking after prices jumped to a seven-week high on Tuesday. The market shrugged […]

By Mark Weinraub

Sep. 16, 2019 at 7:27 pm CDT

New York | Reuters — U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said. […]

By Jarrett Renshaw, Stephanie Kelly

Sep. 16, 2019 at 7:02 pm CDT

Chicago | Reuters — U.S. corn and soybean futures rose on Monday as support from surging crude oil prices more than offset pressure from favourable weather for late-developing crops. Signs of easing U.S.-China trade tensions also buoyed the market after confirmation on Monday of more Chinese purchases of U.S. soybeans […]

By Karl Plume

Aug. 29, 2019 at 6:44 pm CDT

Washington/South Sioux City | Reuters — President Donald Trump said on Thursday his administration is planning a “giant package” related to ethanol that would please U.S. farmers angry that many more oil refiners have been freed from obligations to use the corn-based fuel. Clashes between farmers and the oil industry […]

By David Alexander, Humeyra Pamuk, Stephanie Kelly