Market News

07.06.09

UK Exceeds Biofuel Target

The UK's Renewable Fuel Agency has confirmed that the UK has exceeded its biofue...

07.06.09

Argentina Farmers Gain Clout in Congress

Argentinean farmers overcame one hurdle regarding export taxes as the government...

07.01.09

California Granted Waiver to Control Vehicle Emissions

California has been granted a waiver from the EPA to implement its clean cars ...

07.01.09

EPA Extends RFS-2 Comment Period

US EPA is extending the RFS-2 comment period by 60 days to Sept. 25 on formal re...

06.29.09

IEA Cuts Oil Demand Forecast

The International Energy Agency cut its five-year forecast for crude demand by a...

06.26.09

Chinese Cities Begin Using Biodiesel Blends

In China, Peking, Shanghai, and Guangzhou will be the country's first cities in ...

06.26.09

EU Rapeseed Oil Output to Double on Biodiesel Demand

EU rapeseed oil output is projected to double to 12.9 million mt in 2020 from 6....

06.26.09

US House to Vote on Climate Bill Friday

The US House is expected to vote Friday on its climate change bill that will imp...

06.24.09

Indonesia CPO Export Tax to Remain at 3%

Indonesia CPO export tax will remain at 3% in July while cutting down the CPO ba...

06.24.09

CPO Futures Jump on China GDP Growth Estimate

CPO futures jumped 6% on Tuesday as China's annual GPD growth for the Q2 was est...

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US Soybean and Wheat Crops To Increase in 2008

04.01.08

U.S. farmers will plant more soybean and wheat this year after prices reached record highs, while corn and cotton acres will drop, the U.S. Department of Agriculture reports.

Growers will seed 74.8 million acres with soybeans, up 18% from last year, the USDA said today in a report. Spring-wheat planting will jump 7.8%, as corn acreage drops 8.1%.

The USDA forecasts sent corn futures to a record high on the Chicago Board of Trade, while soybean and wheat prices plunged.

Increased soybean and wheat planting may help refill dwindling inventories, while declining corn output may squeeze supplies available for ethanol makers, including Archer Daniels Midland Co. Prices for most farm commodities reached records this year on booming demand for food, fuel and animal feed.



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