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

Reuters
Summary
Nutrition label

81% Informative

Archer-Daniels-Midland , a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week .

The company on Wednesday rolled its cash basis bid at its flagship Decatur , Illinois , facility to 20 cents below the Chicago Board of Trade November soybean futures price.

The EPA is expected to propose blending requirements below industry recommendations on Friday .

VR Score

91

Informative language

97

Neutral language

74

Article tone

formal

Language

English

Language complexity

63

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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