The Biden administration is calling on Congress to provide additional resources overseas to “ensure Ukraine’s democracy prevails over Putin’s aggression,” including $500 million dedicated to domestic ag production.

Included in Thursday’s announcement by the Biden administration asking Congress to approve $33B in total aid for Ukraine, is a proposal to increase wheat loan 63% to $5.52 bu.; oilseeds by 40%; rice and pulse 21%.

Ag production incentives part of Ukraine assistance request

EPA Administrator Michael Regan hints at a major uptick in renewable fuel blending obligations to be announced on June 3rd, as ethanol production is stunted by railway inefficiencies.

Inflation predictions were so wrong for so long, the real thing has flummoxed us entirely. The other problem with this abrupt price change is the number of things to blame.

The fundamentals were already in place, forecasting positive prices for grain. The war in the Ukraine has strengthened that prediction.