Market News 
03.06.08
Goldman Sachs Sees Palm Oil Price Drop
PALM oil futures in Malaysia, the global benchmark, may fall between 15% and 20%...
03.06.08
Chinese Oil Companies Ordered To Guarantee Supply & Margins
The Chinese government has ordered the country's two state oil companies, CNPC a...
03.05.08
Indonesia Slows Biodiesel Investments
Some Indonesian companies are halting or amending plans to make biodiesel, sayin...
03.05.08
Asian Vegetable Oil Markets End Rally
A record-breaking rally for Asian vegetable oil markets was brought to an abrupt...
03.04.08
Kiplinger Sees Increase in Soy Yields
The Kiplinger Agriculture Letter predicts that yields of soybeans will increase ...
03.03.08
Saudi Oil Minister Links Oil Prices to Biofuels
Saudi Arabia's oil minister Ali al-Nuaimi says oil prices will stay above a mini...
02.29.08
US Federal Reserve Supports Brazilian Ethanol Trariff Cut
US Federal Reserve Chairman Ben Bernanke told the US Senate Banking Committee th...
02.29.08
Vietnam & Brazil Sign Ethanol Protocol
A protocol on cooperation in ethanol production and use between Vietnam and Braz...
02.28.08
BP Moving Away From "Green" Image
British Petroleum is moving away from its “green” business branding, focusing on...
02.27.08
Palm Oil Prices Double in Past Year
Godrej International’s chief analyst says palm oil prices have doubled in the pa...
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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