In the Ukraine, GrainTrade reports soybean oil prices fell by nearly 17% on the week on the Chicago Board of Trade as a result of the Environmental Protection Agency only raising biodiesel blending by 1% over the next three years, together with the EPA also approving canola as an approved biodiesel feedstock. Prices are now […]
In Argentina, Reuters reports Argentina’s soybean oil prices are expected to drop due to a new law passed by Congress that aims to cut the volume of biodiesel blended into diesel sold to the domestic public, increasing supply of the derivative of the oilseed. On Friday, the Argentine Congress approved a law that provides for […]
In Minnesota, Calyxt, Inc., a plant-based technology company, contracted to sell all 2020 grain production of its high oleic soybean to ADM. The total purchases represent approximately four million bushels of high oleic soybean grain. ADM is responsible to crush the grain and will market and sell the resulting oil and meal. Calyxt’s high oleic […]
In Minnesota, Calyxt, Inc., a plant-based technology company, said its high oleic low linolenic soybean has been deemed a non-regulated article under the “Am I Regulated?” process by Biotechnology Regulatory Services of the Animal and Plant Health Inspection Service, an agency of the United States Department of Agriculture. Calyxt’s new HOLL soybean, developed using the […]
In Germany, UFOP reports that the vegetable oil price index of the Food and Agriculture Organization of the United Nations (FAO) dropped 12 per cent over the past marketing year and is currently at a level lower than that recorded in December 2018. The FAO vegetable price index shows the changes in international prices for […]
In Illinois, the Boho factor between heating oil blendstock and soybean oil prices fell to a 71-week low, falling more than 25% during the last nine sessions alone. With more than 55% of US biodiesel produced from soy oil, futures prices are a key factor in calculating biodiesel margins. A record soybean harvest mixed with […]
In Florida, Biofuels Digest launched today its weekly Digest Dashboard, a convenient “news you can use” 5-Minute summary of current markets including key commodity prices, relevant futures, bioenergy-related stocks, and historical equities data. In the initial release, the Dashboard will summarize: Sector Equities. Friday closing prices, weekly moves, outstanding shares, market caps, most recent earnings […]
