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ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule

U.S. officials are expected to propose biofuel blending requirements below industry recommendations

Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil - and a prospective source of demand for Canadian canola.


The program will tap funds from the USDA's Commodity Credit Corporation, which provides up to $30 billion annually from the U.S. Treasury to help stabilize agricultural product prices and support farm income. | File photo

USDA to spend $1 bln to promote climate-friendly agriculture

Feb 7 (Reuters) – The U.S. Department of Agriculture will invest $1 billion in pilot projects that promote farming, ranching and forestry practices that cut greenhouse gas emissions or capture and store climate-warming carbon, USDA Secretary Tom Vilsack told Reuters. The agency is due to announce the Partnerships for Climate-Smart Commodities program later on Monday. […] Read more



Bayer's Carbon Program is an early leader in the drive to encourage farmers to capture carbon by planting off-season crops, tilling the ground less and use fertilizer more efficiently. | Screencap via cropscience.bayer.com

U.S. farm co-op CHS to pay members to enroll in Bayer carbon farming program

Nov 3 (Reuters) – Agricultural seeds and chemicals supplier Bayer AG is expanding its carbon farming program to members of U.S. farm cooperative CHS Inc., boosting incentives for members to participate in the program, the companies said on Wednesday. The agreement will make it easier for CHS’s 75,000 farmer-members to enroll in Bayer’s Carbon Program, […] Read more