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Corn, soybeans and bean oil futures ended lower on Friday fading EPA’s final Renewable Fuel Standard volumes. Dan Basse, Ag Resource Company, says the news was already priced into the markets.
EPA is removing DEF sensor requirements to end costly equipment shutdowns and save farmers an estimated $4.4 billion annually.
The RFS Set 2 rule is projected to increase net farm income by $4 billion and create a $31 billion market for corn and soybean oil while supporting 100,000 new rural jobs.
Joe Kooima with Kooima Kooima Varilek says the ability of the cattle market to divorce itself from the outside markets the last two sessions has been very impressive.
Fertilizer price spikes are clouding spring planting as farmers warn of mounting financial strain, while lawmakers push for greater transparency with recently proposed legislation in both the House and Senate.
Abolishing the Jones Act shouldn’t take a war or a disaster. Times are always tough—and the last thing Americans need is another bad law that makes it harder to make ends meet.