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(Adds White House statement)
By Jarrett Renshaw
NEW YORK, Oct 20 (Reuters) - The U.S. Environmental
Protection Agency has backed off a series of proposed changes to
the nation's biofuels policy after a massive backlash from
corn-state lawmakers worried the moves would undercut ethanol
demand, according to a letter from the agency to lawmakers seen
Oct 20 (Reuters) - The U.S. Environmental Protection Agency
told lawmakers that its abandoning efforts to reform the
nation's Renewable Fuel Standard and drive the price of the
program's credits down.
The move represents a big win for the corn lobby and a major
defeat for refiners seeking the changes.
The following are various reactions to the news:
* Feeder cattle settles firmer
* Lean hog market extends gains
* USDA cattle report at 2 p.m. CDT
The U.S. dollar is higher, but demand remains strong.
(Recasts throughout; updates prices, adds quotes; changes
byline, dateline, previous PARIS/SINGAPORE)
By Julie Ingwersen
CHICAGO, Oct 20 (Reuters) - U.S. corn and soybean futures
fell to their lowest levels in a week on Friday, pressured by
active harvest progress in the heart of the Midwest crop belt,
The exception to the weak trend was soyoil futures, which
hit their highest in nearly a month on news the U.S.
Environmental Protection Agency was backing down on reforms to
Gene editing could stop diseases like aflatoxin dead in their tracks.
From a price support rationale, probably the most supportive variable is that corn is currently priced at a level where most producers are losing money.
HAMBURG, Oct 20 (Reuters) - Business in Europe's animal
feeds market was thin on Friday as buyers hoped improving
weather prospects for U.S. and South American soybean crops will
push down prices.
No significant feed meal trading was reported.
Soybean prices surged to 2-1/2 month highs last Friday,
pulling up soymeal prices, after last week's surprise cut to the
U.S. Department of Agriculture's (USDA) U.S. soybean crop
Deere CEO Sam Allen shares the company's efforts to raise up smallholder farming villages in India.
The annual exclusive Pork Powerhouses 2017 ranking of the 40 largest U.S. producers shows there are 246,850 more sows among these companies than one year ago.