US Blocks Tax Credit for Foreign Biofuel Supplies
The move, a win for American farmers, comes after a flood of supplies from China reached U.S. shores at cheaper prices than soybean oil produced locally.
Biofuel Groups Ask Congress to Extend Expiring Tax Credit
Soybean farmers in seven states are asking Congress to extend current biodiesel and renewable diesel tax credits due to a lack of clarity on a set of new rules ready to take effect in January.
Soybean Demand Drops as US Biofuel Tax Credit Stalls
Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans because of uncertainty over U.S. biofuels policy.
N.D. Opens Soybean Processing Plant for Renewable Diesel Oil
North Dakota’s renewable diesel industry took a giant leap forward as the state opened its first fully dedicated soybean-crushing plant that will make biofuel oil.
Illinois Welcomes Expansion of Soybean Plant for Biodiesel
Illinois Gov. J.B. Pritzker celebrated groundbreaking at a $250 million soybean processing plant expansion that would contribute to increased production of biodiesel.
Nebraska Soybean Farmers Extol Biodiesel Benefits
A trucking campaign promoting biodiesel fuel to easily lower carbon emissions by the state soybean farmers has been such a success in raising awareness it may be repeated.
China Purchases Brazilian Soybeans Before Trade Deal With US
China is picking up soybean cargoes in Brazil, dashing hopes for big American sales immediately after a partial trade deal is signed with the U.S. next week, according to people familiar with the matter.
China’s Soy-Buying Spree May Signal Prudence Before Talks
Chinese firms have been snapping up U.S. soybeans this week, but don’t mistake this as a sign of buyer confidence in upcoming trade talks.
US Soy Shippers Get Small Perk From Otherwise Horrid Trade War
The trade war between the U.S. and China continues to surprise agricultural markets, even delivering an unexpected reprieve for American farmers who have otherwise been roiled by the conflict.
China Ramps Up Brazil Soybean Imports, Rebuffing US Crops
China is stepping up its soybean buying in Brazil as growers in Argentina continue to hoard and the Asian nation avoids American oilseed after an escalation in trade tensions between Washington and Beijing.
August 16, 2019