U.S. oil major Exxon Mobil Corp, along with Chevron Corp, is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, Reuters sources said.
A once-a-century drought has lowered the water level of Argentina’s main grains transport river, reducing farm exports and boosting logistics costs in a trend that meteorologists said will likely continue into 2022.
Chicago Board of Trade wheat futures climbed to a three-month high on Thursday after the U.S. Department of Agriculture slashed global production estimates.
Even with drought and meager crop conditions, the trade has recently had a high miss rate on USDA’s August projections and the analyst guesses this time have not allowed much room for error.
Tyson Foods cannot increase prices for chicken and prepared foods fast enough to keep pace with rising costs for raw materials like grain, CEO Donnie King said Monday, reporting higher-than-expected quarterly earnings.
President Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold in 2030 zero-emissions vehicles and will propose new vehicle-emission rules to cut pollution through 2026.
General Motors Co on Tuesday said its three North American full-size pickup truck assembly plants would be shut down next week due to the global semiconductor chip shortage.
A trade group representing some of America’s biggest baked goods companies is urging Biden to ratchet back its biofuel ambitions, arguing using fuel made from crops could raise the cost of donuts, bread and other foods.
China’s government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items, and in turn, violated the spirit of the January 2020 Phase One trade deal with the U.S.
