The US pricing system for rare earths is set to challenge China’s dominance
Washington's plan to create an independent, higher-priced pricing system has stepped up U.S. efforts in breaking China's dominant position on the rare earths markets and driving investment into its own industry. Low prices in China have made it difficult for the West to compete with China in the rare earths market. The West has long demanded…
USDA report: record US corn exports, biofuel boom in the US: Braun
The United States is the top corn exporter in the world and will set a new record for corn exports during the final marketing year of 2024-25, just barely beating the previous high from 2020-21. What's the catch? The catch? China established a trading relationship with Brazil, the world's No. Brazil was the No. 2 corn exporter in China a few years back.
USDA report: record US corn exports, biofuel boom in the US: Braun
The United States is the top corn exporter in the world and will set a new record for corn exports during the final marketing year of 2024-25, just barely beating the previous high from 2020-21. What's the catch? The catch? China established a trading relationship with Brazil, the world's No. Brazil was the No. 2 corn exporter in China a few years back.
Inpasa: Vibra's founder's family has invested in Vibra to achieve financial goals
Inpasa, an ethanol producer, said that on Friday a family fund connected to its founder had invested in Brazilian fuel retailer Vibra. The investment was made with purely financial goals and has no connection to Inpasa's operations. The news outlet Brazil Journal reported late on Thursday that Inpasa (which was founded in Paraguay, and is Brazil's largest corn ethanol producer) had been buying shares in Vibra.
French sugar company Tereos wants to expand its power business in Brazil
An executive from Tereos, a French sugar company, said that the company plans to increase its client base in Brazil for power contract sales by tenfold over the next two years. The goal is to reach 1,000 corporate clients. Samuel Custodio is the head of power commercialisation at Tereos Brazil. He said that the growth would be driven by cross selling to existing sugar and alcohol clients…
GRAINS-Chicago corn and soybeans rebound from multi-month-lows
Analysts said that Chicago corn and soybeans futures rose from their multi-month lows on Friday, thanks to short covering and the weakening of the dollar. On Monday, grain market participants also adjusted their positions after focusing on the U.S. Department of Agriculture's acreage reports and stock and crop progress updates. The price…
Petroperu In Talks to Find Amazon Oil Block Partner
Peru's state-run oil company Petroperu is in talks with five firms, including Canada's PetroTal and U.S.-based Upland Oil and Gas, as it seeks a partner to reactivate a key Amazon oil block, a company executive said late Thursday.Tomas Diaz, manager of Petroperu's exploration and exploitation unit, told Reuters the company expects to reach an agreement for Lot 192 by mid-to-late July.The reactivation of Lot 192…
GRAINS - Chicago corn and soybeans rebound from multi-month-lows
Analysts said that Chicago corn and soybeans futures rose from their multi-month lows on Friday, supported by short cover and a declining dollar. On Monday, grain market participants also adjusted their positions after focusing on the U.S. Department of Agriculture's acreage reports and stock and crop reports. The price of oil was influenced by the favorable supply outlook in the United States as well as worldwide.
Brazil corn ethanol boom covers the demand as the country increases its biofuel mandate
Brazil's corn-based ethanol industry has grown to meet the growing demand in the country for renewable fuels. This is due to a government mandate that encourages the use of more ethanol as a gasoline additive. According to UNICA, the sugar and ethanol group, Brazil is the largest producer of sugarcane ethanol in the world. However, the output has been flat since the turn-of-the decade while corn ethanol has tripled.
As Wars Rage, Middle East's Waning Influence on World Oil Prices Exposed
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets they once were.The jump in oil prices following Israel's surprise attack on Iran was…
GRAINS-Chicago Corn drops to new contract lows due to heavy supply
Chicago Board of Trade corn futures for front and back months fell to a record low on Wednesday, as traders attributed the drop to expectations of a large Brazilian corn harvest and a lack of threats from weather conditions on the recently seeded U.S. crop. The CBOT corn futures, soybeans and wheat contracts also experienced selling pressure…
GRAINS-Chicago Corn drops to new contract lows due to heavy supply
Chicago Board of Trade corn futures for front and back months fell to a record low on Wednesday, as traders attributed the drop to expectations of a large Brazilian corn harvest and a lack of threats from weather conditions on the recently seeded U.S. crop. The CBOT corn futures, soybeans and wheat contracts also experienced selling pressure…
Brazil increases biofuels, sees self-sufficiency in gasoline
The Brazilian National Energy Policy Council approved an increase in the amount of biofuels blended into fossil fuels on Wednesday. This move was also hailed by renewable energy lobbyists who had earlier claimed that the blends wouldn't be changed this coming year. Pietro Mendes from the Energy Ministry's Oil and Gas Department announced the changes during a press conference.
Sources say that Brazil's Petrobras has held off on raising fuel prices amid tensions with Iran.
Petrobras, the Brazilian oil company, is closely watching geopolitical tensions that have been driving up global oil prices in recent weeks. However, it does not intend to adjust domestic fuel prices at this time, according to two sources. Sources, who spoke on condition of anonymity said that the state run oil giant was waiting for a sustained change in Brent crude price before considering any changes to prices.
Soybeans and grain prices fall as Middle East tensions are in the spotlight
Chicago soybean futures slipped lower on Monday as they unraveled gains made after crude oil prices rose on fears that a U.S. strike on Iranian nuclear facilities would disrupt supply. By 1128 GMT, the most active soybean contract had fallen 0.2% to $10.58-3/4 a bushel. Soyoil rose 0.8% to $54.9 cents per pound. The oil price surged in the early trade after the U.S. attacked Iranian nuclear sites on the weekend.
GRAINS: Soybeans rise as soyoil increases on Middle East tensions, but corn falls on favorable weather
Chicago soybean futures edged higher on Monday. This was supported by soyoil price gains after the U.S. attack on Iranian nuclear installations stoked fears about global crude oil supply. As of 0301 GMT, the most active soybean contract increased 0.09% to $10.61-1/2 per bushel. Soyoil rose 1.14% to 55.09 Cents per Pound. The U.S. launched a major attack on Iranian nuclear sites at the weekend.
GRAINS-Chicago soya beans slip after rally, corn and wheat rise
Chicago soybean futures eased on Wednesday as traders booked profit following a three day price rally, driven by soyoil strength and the broader market for energy. Meanwhile, ongoing tariff uncertainty limited further gains. The most active soybean contracts fell 0.23%, to $10.72 a bushel. However, it was still near its one-month high.
Exxon, Chevron acquires blocks in Brazil's environmentally-sensitive Foz do Amazonas basin
Exxon Mobil and Chevron on Tuesday took their first steps toward eventually exploring oil in Brazil's Foz do Amazonas basin, scooping up offshore blocks auctioned by the country in the promising but environmentally-sensitive area. This is the first time that a company other than Brazil's Petrobras has ventured into the biodiverse ecological area.
Sources say that the US will object to the green jet fuel recommendation made by UN Aviation Council.
Two sources with knowledge of the issue said that the U.S. would object to the recommendation of the UN Aviation Agency Council, which Washington believes unfairly benefits Brazilian corn farmers to the detriment of U.S. producers when it comes to the development of green jet-fuel. One source said that the discussion could be resolved through a compromise.
Equinor Announces Shifts in Leadership
Danske Commodities CEO Helle Ostergaard Kristiansen will step down to become head of the gas and power unit of parent group Equinor, the trading house said on Tuesday.Danske Commodities' Chief Financial Officer Jakob Sorensen, who joined the company 20 years ago as a power trader, will take over as new CEO as of September 1, it said in a statement.Kristiansen replaces Helge Haugane who in April was named head of a ne
