Market News

01.31.08

Cellulosic Ethanol Plant To Be Sited In Colorado

Canadian companies, Lignol Innovations and Suncor Energy are planning to build C...

01.30.08

US States Call for Tighter Carbon Credit Rules

Ten US states have called on the Federal Trade Commission (FTC) to tighten the r...

01.29.08

Ultra Green Energy Begins NY Biodiesel Distribution

Ultra Green Energy Services LLC, a Bioheat heating oil dealer in the Northeast, ...

01.28.08

First US Commercial Cellulosic Ethanol Plant to Begin Production

In Louisiana, Verenium said that it will begin operating the first enzyme-based,...

01.25.08

UAE Announces $15 Billion for Renewable Energy

In the United Arab Emirates, the Crown Prince of Abu Dhabi announced a $15 billi...

01.24.08

NYC May Adopt Biodiesel Heating Oil

New York City homeowners, businesses, and city government may be switching to bi...

01.23.08

European Union To Establish Biofuel Tariffs

The European Union will introduce measures today to establish tariffs on US biof...

01.22.08

Indonesia Suspends 10% Soybean Import Tax

The Indonesian government has removed a 10% import tax on soybeans and is studyi...

01.22.08

CPO Prices Soften

Crude palm oil prices have begun to fall in Malaysia as biodiesel demand drops o...

01.18.08

Shell To Develop Algae Biofuels

Royal Dutch Shell and Hawaii-based HR Biopetroleum Inc., a developer of large-sc...

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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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