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US CRUDE OUTPUT TO FALL LESS IN 2021 THAN PREVIOUSLY FORECAST-EIA

NEW YORK, Aug 10 (Reuters) - U.S. crude oil production is expected to fall by 160,000 barrels per day (bpd) in 2021 to 11.12 million bpd, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday, a smaller decline than its previous forecast for a drop of 210,000 bpd. Oil prices have rebounded from the historic lows…



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EIA: Biodiesel production at 1.817 billion gallons in 2020

U.S. biodiesel production reached 159 million gallons in December 2020, up from 151 million gallons the previous month and up from 133 million gallons in December 2019, according to data released by the U.S. Energy Information Administration on Feb. 26. Production came from 85 biodiesel plants with a combined capacity of 2.5 billion gallons per year. Production for the full…



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Brazil allows imported soy for biodiesel production

The Brazilian National Energy Policy Council on Nov. 18 published a resolution that allows imported soybeans and imported soybean oil to be used to produce biodiesel. It is unclear how long the resolution will remain in force. A report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network explains that soybean oil prices in Brazil have been spiraling…



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The price of vegetable oils reaches 6-year highs

Since the lows recorded in March and April of this year, the price of oilseeds has not stopped rising. Soybeans in Chicago broke the $ 10 per bushel ($ 367 / t) barrier in the closest contract, posting an increase of more than 20% from April lows. The recovery of the price of commodities and the financial markets has had…



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Brazil reduces biodiesel blend to 10% for September, October

The Brazilian government announced on Aug. 13 that the blend requirement for biodiesel sold at the pump will be temporarily lowered from 12 percent to 10 percent for the months of September and October. A statement published by the Brazlian National Agency of Petroleum, Natural Gas and Biofuels (ANP) said the reduction is necessary to ensure domestic supplies of diesel…



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US Leaves Anti-Dumping Duties in Place on Argentine Biodiesel

After a lengthy review, the U.S. Department of Commerce decided this week to leave duties in place on biodiesel imports from Argentina. Argentina's biodiesel industry received a second look from the U.S. Commerce Department in November 2018, on its decision to penalize the country's biodiesel exports to the United States with antidumping and countervailing duties. Such a review typically takes…



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Malaysia Extends Lockdown to end-April

Malaysia’s Prime Minister Muhyiddin Yassin announced on Friday the extension of the movement control order (MCO) until April 28, close to the start of Ramadan. Muhyiddin explained that the decision was in line with the World Health Organization’s (WHO) guidelines that advises against lifting MCOs too early to avoid a reoccurring wave of infections. The Prime Minister advised Malaysians to…



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Virus hobbles Argentina’s biggest soy exporters – with harvest nearing

The world’s biggest exporters of soybean meal and oil are fending off a slew of logistical hurdles as they rush to get ready for the impending harvest in Argentina. For the Latin American nation’s soy industry, it’s the toughest start to a harvest in recent memory. Farmers and exporters are bidding to crush beans and ship tens of millions of…



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Argentine soymeal plants hit by massive cut in beans supplies, export chamber says

Soybean deliveries to crushing plants have been severely cut in Argentina, the world’s top supplier of soymeal livestock feed, as the country reacts to the coronavirus pandemic, the local grains export industry chamber said on Tuesday. More than 70 municipalities throughout the country are enforcing anti-coronavirus measures by controlling the movement of farm produce through their jurisdictions, according to data…