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
Farmland values in the U.S. Plains states jumped more than 20 percent in the fourth quarter from a year earlier.
Following record droughts across the United States the benefits of the ethanol subsidy were once again hotly debated and biofuels in general found themselves generating quite a few unflattering headlines.
Stan Ryan, Vice President at Cargill Corporate says that with markets more open now, there is less chances for a repeat of the 2008 food crisis. He explains more.
The latest numbers from the USDA firm up the outlook for this year's corn crop, and the final numbers may not be as bad as some feared.
The world’s second-largest wheat, corn and sugar trader tells CNBC that while agricultural prices will remain high the rest of the year, the world isn't going to experience a renewed food crisis.
Six states are petitioning the EPA to waive the Renewable Fuel Standard ethanol mandates, reports CNBC's Bertha Coombs.
Calls are growing to suspend the federal ethanol production mandate next year, as the worst drought in more than half a century has devastated the corn crop in the U.S. The question is whether a waiver of the Renewable Fuel Standard will actually bring down sky-high corn prices.
Six states are petitioning the EPA to waive Renewal Fuel Standard ethanol mandates, reports CNBC's Bertha Coombs, because corn prices are soaring.
CNBC's Sharon Epperson reports on the drought rally for corn. Also, Geoff Cooper, Renewable Fuels, and Robert Bryce, Manhattan Institute, discuss whether the "Ethanol Mandate" should be waived, particularly given the high cost of corn.
The extreme heat wilting crop harvests across the U.S. is exerting a “big” toll on input prices, the chief executive of Sunny Delight told CNBC Wednesday, issuing a call for the government to suspend mandates that divert corn into biofuels.
As a result of a Congressional mandate passed in 2005 and expanded in 2007, over 40 percent of this year’s greatly depleted corn crop will be diverted from food and livestock, and instead be sold at the gas pump. We are trading our precious, fertile acres of farmland for a small dent in our oil usage. We are prioritizing our goal to reduce oil dependence over providing food to people.
Drought resistant seeds are about twice the price of conventional seeds, reports CNBC's Jane Wells.
Andy Lipow, Lipow Oil Associates president, discusses how high corn prices has impacted gasoline prices. "Ethanol prices are up 30 percent in the last 3 months," he says.
Gold posted a weekly gain and closed at its highest price for August today, reports CNBC's Sharon Epperson.
Christopher Narayanan, Head of Agricultural Commodities Research, Societe Generale says that there's no need for an ethanol mandate waiver as there is still sufficient inventories.
Green Plains Renewable Energy CEO Todd Becker talks about the challenges facing the ethanol industry.
Shares of Green Plains Renewable Energy hit a 52-week low today, with CNBC's Jane Wells.
U.S. demand for coal is at a 24-year low, and inventories are continuing to build as the global economy slows. Wilbur Ross, WL Ross & Company chairman/CEO, discusses whether investors should expect more trouble ahead for the commodity.
Farmers in California and Ontario, Canada, are signing 20-year leases with a firm that places small solar installations on marginal land.
A new generation of green chemicals from bio-based sources could help industrial production break from the grip of volatile oil prices.