The flush in the grain and soybean complex futures markets continued at mid-week, with weak long liquidation featured amid weather forecasts that have added better precipitation chances for the Midwest.
In July, USDA will accept applications for $450 million in Higher Blends Infrastructure Incentive Program (HBIIP) grants to further support biofuel-related infrastructure.
A flood of Brazilian soybean cargoes into China is weighing on soymeal purchases and may curb buying of beans later in the year, traders and analysts told Reuters.
The Clean Air Act (CAA) allowed for exemptions to be granted for small refiners, a topic that has become controversial in recent years, prompting EPA to reverse some prior granted small refinery exemptions (SREs).
