Archived Posts

News Flash: February 12, 2015

INDUSTRY

Could cool-season oilseeds be grown for jet fuel

Producers are currently growing corn for ethanol use, but they may be able to grow other feed stocks, such as mustards, canola, or camelina, that could be used at jet biofuel or biodiesel. Research scientists at USDA-ARS Northern Plains Agricultural Research Laboratory in Sidney say that a USDA-ARS study is continuing to evaluate oilseeds that might qualify to produce hydro-treated renewable jet fuel. “Using cool-season oilseeds as feed-stocks for biofuel could potentially offset the demand for petroleum-based transportation fuels,” research scientist, Brett Allen said. Both food grade and industrial oilseeds are being used in the study. The Prairie Star

BIOFUEL

Bill would mandate more biofuel in home heating oil

A new bill, proposed by the City Council, may require heating oil used in city buildings to contain at least 5% cleaner biofuel next year. Currently the city law requires 2% of heating oil to come from biofuel. By 2030, this mandate would increase 20% under legislation that is being introduced this week, by Councilman Costa Constantinides. Biofuel is made from recycled cooking oil, soybean oil, and other substances and it does not produce carbon emissions that could be harmful. “It’s the equivalent of taking 45,000 cars off the road,” Constantinides said. “Buildings are a huge source of emissions, and we have to find a way of dealing with buildings.” New York Daily News

A Biofuel Debate: Will Cutting Trees Cut Carbon?

Based on government mandates around the world, which incorporate bioenergy into transportation, it looks as if combating climate change may require burning the world’s forest and crops for fuel. These aggressive government mandates are looking to limit the world’s dependence on gasoline and diesel for transportation and movement of goods. Today, biofuels account for about 2.5 percent of transportation, but the European Union expects an increase, mainly in the form of biofuels as renewable energy, by 2020. The U.S. aims at reaching a biofuel goal of about 12 percent in the next decade. New York Times

CANOLA

Canola gains $6.20 on week, lifted by palm oil

Canola ended positively this week with an increase on Friday due to rising support from palm oil. March canola was up 90 cents, or 0.2 percent , closing at $459.60 per tonne.

May was up 0.29 percent, or $1.30, closing at $456 per tonne. For the week, March gained $6.20, or 1.6 percent, and May increased to $6.60 or 1.5 percent. A key issue remains in U.S. currency instability, as the U.S. dollar continues to conflict with majority world currencies. The Western Producer

CORN

For reducing cholesterol, corn oil better than olive oil, study suggests

The consumption of vegetable oils is associated with the reduction of total, as well as lipoprotein (LDL) or bad cholesterol. A recent study published by the Journal of Clinical Lipidology points out corn variety oils as better at reducing this lipo-protein cholesterol, when compared to extra virgin olive oil. Researchers at Biofortis, a global clinical nutrition research team, found in a study that corn oil lowered LDL cholesterol by about 11 percent, while extra virgin olive oil reduced by about 3.5 percent. Corn oil also showed to lower total cholesterol by over 8 percent, while extra virgin olive oil lowered total cholesterol by about 2 percent. Fox News

PALM

Malaysia low output pulls up crude palm oil prices

Crude palm oil has increased 8.5 percent this month, as a result of the decreasing output in Malaysia due to unfavorable weather conditions. Crude palm oil has increased since the end of January and continues to rise almost a quarter since its low in September. The crude palm oil price increases may lead to margin reductions of user industries, including soap and detergent manufacturers. “CPO bounced back in the last few days on reports of potential improvement in biodiesel demand from Indonesia and a decline in output from Malaysia. Its outlook still remains bullish with CPO price to move up at least by 10 per cent in near term,” said Ajay Kedia, managing director of Kedia Commodity Comtrade, a city based commodity broking firm. Business Standard

SOYBEAN

New products boost demand for soybeans

Both nascar racing tires and the foam that keeps floors from squeaking are driving demand for U.S. soybeans. Both of these items contain soybean oil and are on the list for the 33 new products commercialized in 2014 to offer soy check-off support. Since 1990, over 800 soy-based products have been developed with check-off support. Dale Profit, United Soybean Board director, reports to seeing advancements firsthand and expects even more soy-based product development in the future. “Some new uses, like biodiesel, are high-volume,” Profit said. The market for ingredients, such as soy polyols continues to increase in a variety of industries, increasing demand in the U.S. and abroad. McPherson Sentinel; KS