March 31- Shares in Biofuel Energy Corp more than doubled after hedge fund manager David Einhorn and his affiliates unveiled a plan to take a controlling stake in the ethanol producer. Einhorn already holds more than 35 percent of Biofuel Energy, mostly through his investment fund, Greenlight Capital Inc, according to a regulatory filing on Friday.» Read More
*Cocoa dealers worry about quality despite good weather. NEW YORK/ LONDON, March 10- Arabica coffee prices on ICE climbed to a two-year high in light volume on Monday after top grower Brazil's parched coffee belt received less weekend rain than expected, raising the prospect of a 2014/ 15 global deficit. Cocoa was up a shade after nearing 2-1/ 2- year highs.
*Dry weather set to cut Brazil coffee crop for two seasons. LONDON, March 10- Coffee prices climbed to a two-year high on Monday as dry weather in Brazil raised the prospect of a global deficit in 2014/ 15 and potentially the following season as well.
U.S. drivers are paying nearly 10 cents more per gallon at the pump than they did two weeks ago, as worries about Ukraine contributed to a jump in the cost of ethanol used in making gas.
SAO PAULO, Feb 3- A drop in natural gas prices caused by a shale gas boom in the United States is hurting Brazilian petrochemical company profits by reducing pricing power and making them less competitive, the head of the construction and industrial conglomerate Grupo Odebrecht SA said on Monday.
Jan 29- Lobbyists opposed to mixing more ethanol in gasoline scored another victory on Wednesday after the U.S. House of Representatives passed a farm bill with a provision removing subsidies for biofuel blending pumps in rural areas.
That stops a whole bunch of traffic, "said Hal Reed, chief operating officer for The Andersons Inc, a U.S. grain handler and ethanol producer. Gulf Coast exporters were offering a premium for soybean barges loaded this week along the largely ice-free lower Ohio River and on the Mississippi south of Cairo, Illinois.
"It's a lost opportunity for the U.S.- Brazil relationship and for Boeing," lamented Donna Hrinak, Boeing's president in Brazil, in an interview with Reuters. Boeing lost the contract when President Dilma Rousseff was infuriated by revelations that the U.S. National Security Agency spied on her communications.
*Oil industry had petitioned EPA to lower mandate. Oil industry groups had petitioned the Environmental Protection Agency, or EPA, last year to lower the target because oil refiners would be required to buy millions of dollars worth of credits if cellulosic was unavailable.
WASHINGTON, Jan 23- The U.S. environmental regulator informed oil industry groups on Thursday that it would reconsider the 2013 target for advanced ethanol made from grasses and trees as producers struggle to make the fuel.
SAN FRANCISCO, Jan 22- A U.S. appeals court on Wednesday refused to revisit a ruling which upheld California's low carbon fuel standards regarding ethanol, according to a court filing. A three-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco had upheld California's regulations last year.
U.S. ethanol rules for gasoline are losing advocates and influencing all the wrong people, amid growing calls to reform the fuel mandates.
The bill, introduced by Dianne Feinstein, a California Democrat; Tom Coburn, an Oklahoma Republican; and eight cosponsors, faces an uphill battle as many lawmakers from agricultural states support the Renewable Fuel Standard that dictates rising volumes of ethanol made from grains, including corn, be blended into motor fuel.
WASHINGTON, Dec 12- A group of 10 U.S.
NEW YORK, Dec 11- Natural gas futures hit 7- month highs on Wednesday after cold weather forecasts bumped up expectations for heating demand in the United States, while U.S. crude prices tumbled on a report showing a build in gasoline inventories. Copper rose for a fourth straight session in London, hitting a one-month high together with zinc.
*Big jump in world wheat stocks after large Canada harvest. U.S. soybean stocks for 2013/ 14 were forecast down sharply from a month ago, but projected wheat stocks in the United States and globally were higher, largely reflecting a record crop in Canada, the U.S. Department of Agriculture said.
WASHINGTON, Dec 10- Lower prices created resurgent demand for U.S. corn at home and abroad, including in the ethanol market, the U.S. government forecast on Tuesday, resulting in smaller, but still ample, stocks at the end of this marketing year.
CHICAGO, Nov 27- A month ago, Steve Walk was on the brink of deals to sell two big oil refiners some of his company's specialized oil pumps, which serve up fuel that is 85 percent ethanol, a biofuel made mostly from corn.
Todd Becker, Green Plains Renewable Energy CEO says ethanol is experiencing a resurgence and explains his bullish stance.
NEW YORK, Nov 18- U.S. oil prices tumbled on Monday on expectations the Federal Reserve might taper its bond buying program and corn hit a 3- year low after a proposal to lower the use of corn-based ethanol in the United States. Corn weighed the most on the CRB, falling more than 2 percent.
*China cancels a cargo of U.S. corn over GMO issue. CHICAGO, Nov 18- Chicago Board of Trade corn futures fell to a fresh three-year low on Monday on pressure from a proposal to lower the use of corn-based ethanol in the United States and on news China rejected a cargo of U.S. corn which contained a genetically modified variety not approved for import.