Trump in high-stakes balancing act between oil and corn

WASHINGTON/NEW YORK, Sept 6 (Reuters) – At a closed-door meeting at the White House on Aug. 19, President Donald Trump looked increasingly alarmed as his top envoy to China delivered evidence of rising Farm Belt frustration over his biofuel policy along with a stark warning: You’ve got a problem in Iowa. Terry Branstad, the former […] Read more

The U.S. has some 200 ethanol plants capable of producing 1.06 million barrels per day, and about 100,000 to 140,000 bpd of capacity has been taken off line due to the floods, according to three traders who track operations. | Reuters photo

Floods shut nearly a sixth of U.S. ethanol production

MEAD, Neb./NEW YORK, March 22 (Reuters) – Massive flooding in the U.S. Midwest has knocked out roughly 13 percent of the nation’s ethanol production capacity, as plants in Nebraska, Iowa and South Dakota have been forced to shut down or scale back production following the devastation. Production facilities owned by large companies like Archer Daniels […] Read more

Farm groups urge Trump not to weaken U.S. biofuel polic

(Reuters) – U.S. farm groups urged President Donald Trump in a letter on Monday not to weaken the nation’s biofuels policy requiring corn-based ethanol to be blended into gasoline, calling it a critical engine of rural American jobs. Trump is due to meet with senators and cabinet members on Tuesday to discuss potential tweaks to […] Read more