Market News

02.19.08

Scientists Dispute Biofuels Study

Scientists at the US Department of Energy have disputed a widely reported study ...

02.18.08

China Braces For Food Crisis

In China, prices on selected food items have soared by 60%, prompting concern th...

02.15.08

Petrobras to Build Biodiesel "Superplant"

In Brazil, Petrobras says it will build a 193 Mgy "superplant" for biodiesel pro...

02.14.08

Malaysia Proposes $103 Billion Renewable Energy Plan

In Malaysia, the national government has proposed a $103 billion "Sarawak Corrid...

02.13.08

Agri Energy Fails To Get Financing

Melbourne-based biofuel development company Agri Energy halted trading in its sh...

02.12.08

Ethanol Closer to Unified Global Trading

In Brazil, representatives of Unica, the Sao Paulo-based sugar cane industry ass...

02.11.08

Bulgaria Attracts Biodiesel Investment

Spanish group Coener Systems plans to build a $90 million biodiesel plant near P...

02.08.08

First Waste Wood Cellulosic Ethanol Plant In US Is Operational

KL Process Design Group (KL) has announced its cellulosic ethanol plant is opera...

02.07.08

Natural Fuels Australia Ceases Biodiesel Production

Natural Fuels Australia, which operates the $48 million biodiesel plant in East ...

02.01.08

Iowa Biofuel Industry Leads Nation

Iowa's ethanol and biodiesel industries added $12.7 billion last year into the s...

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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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