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US Biofuel Makers Are Stuck in a Slump While Waiting for Trump Policy
4 Articles
4 Articles
US Biofuel Makers Are Stuck in a Slump While Waiting for Trump Policy
The White House is gearing up to finally announce its new rules on biofuel blending, critical support for the industry that’s underpinned American farming over the past two decades. But for some producers of diesel made from soybeans, the move won’t be enough to rescue them from a months-long downturn that’s led to plant closings and layoffs.
Soybeans Pushing Higher on Friday AM Trade
Soybeans are trading with 1 to 3 cent gains on Friday morning. Futures faced pressure post USDA release, as contracts were down 2 to 8 ¼ cents at the close. Thursday’s preliminary open interest dropped 7,987 contracts. The cmdtyView Cash Bean price was 7 1/2 cents lower to $9.95 3/4....
Soy Prices Are Falling in the U.S. over Rumors that Trump Plans to Dynamite Biofuel Promotion Policy
Soya oil prices in the U.S. continue to weaken in the face of uncertainty about the biofuel promotion policy to be implemented by the Donald Trump government. On Thursday Reuters indicated that in the next few hours the U.S. Environmental Protection Agency (EPA) will propose a mandatory mandate for the internal use of biodiesel lower than that required by the U.S. agro-industrial sector.
The futures of the American soybean fell on Thursday to a minimum of a week, pressured by concerns about the demand for soybean oil and biodiesel, as well as by the cooling of the domestic oil markets, operators said.Wheat futures fell due to the slowdown in world exports, while those of maize rose on the day.The July soybean of the Chicago Grains Exchange dropped to $10,4150 per bushel after falling to $10,3900, a floor for the contract since J…
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