Pro Farmer Analysis
Rep. Mike Carey (R-Ohio) introduced the Biodiesel Tax Credit Extension Act of 2024, which seeks to extend the biodiesel tax credit (40A credit) through 2025.
In updated comments on a new farm bill, Senate Ag Chair Debbie Stabenow (D-Mich.) says the House proposal claims to enhance the farm bill but disproportionately benefits a few sectors.
These groups argue that without reforms to Endangered Species Act processes, farmers will face significant and costly restrictions that may be unnecessary to protect endangered species.
Agriculture and Agri-Food Canada (AAFC) updated its 2023-24 and 2024-25 balance sheets based on information available as of July 15.
A look at China’s soybean imports from Brazil and the U.S. during the first half of the year.
Price action summary for the week and a look ahead at the next 5, 30 and 90 day segments for the soybean market.
As a result, global grain stocks in the new-crop marketing year are expected to decline to a 10-year low.
New research from UBS Group AG indicates that imposing a 60% tariff on all Chinese exports to the U.S. would significantly impact China’s economy, potentially more than halving its annual growth rate.
We can infer some alignment between Vance and Trump’s policies on biofuels based on the following points:
USDA raised its beef production forecast for 2024, with higher expected steer and heifer slaughter more than offsetting reduced cow kills.
Increased rainfall is helping to alleviate the severe drought conditions that had forced restrictions on ship passages through the Panama Canal.
Chair Thompson criticized the Biden administration for imposing regulations he claims punish farmers and ranchers.
Concerns about espionage, intellectual property theft, and potential sabotage of the U.S. food supply underscore the need for vigilant monitoring of foreign land purchases near critical infrastructure.
Major producers like Valero Energy, Phillips 66 and Calumet Specialty Products are retrofitting facilities to produce sustainable aviation fuel (SAF).
Shippers are preparing for supply-chain disruptions as Canadian rail workers, affiliated with the Teamsters Canada Rail Conference (TCRC), voted overwhelmingly to reauthorize strike action.
Mexico’s incoming administration will discard a core goal of outgoing President Andres Manuel Lopez Obrador, aka AMLO, to reduce imports of yellow corn, according to incoming agriculture minister Julio Berdegue.
There are concerns about potential fraud in used cooking oil (UCO) trade as demand for feedstocks to produce biofuels in the U.S. increases.
Although a strike is not imminent, shippers are taking the threat seriously, with some diverting cargo to West Coast ports to avoid disruptions.
A recap of the week’s price action, with outlook for the next 5, 30 and 90 day segments.
The new CBO projections “prove what we have been saying all along: the House Republican farm bill is unpaid-for, relying on magic math and wishful thinking,” Senate Ag Chair Debbie Stabenow (D-Mich.) said.
Michigan’s ag department will provide the grant money for to up to 20 farms from its emergency response funds.
The world’s renewable fuel makers will face a waste oil supply crunch, Bloomberg reports.
The Iowa Department of Agriculture reported another dairy herd infected with H5N1, making a total of six herds infected in the state.
Members of the National Oilseed Processors Association (NOPA) crushed 183.6 million bu. of soybeans during May, 5.2 million bu. more than the average pre-report estimate and a record for the month.
The U.S. is worried the port’s ability to handle megaships directly between Peru and China could shift trade dynamics, making it easier for China to extract and control South American resources.
The landscape for U.S. renewable diesel production has changed dramatically, similar to the growth of ethanol and biodiesel in the past two decades, according to a report from USDA’s Foreign Agricultural Service.
La Niña patterns tend to produce hotter conditions across the central and eastern United States.
For 2024, USDA raised its pork production forecast 40 million lbs. on a more rapid pace of second-quarter slaughter and higher dressed weights. USDA lowered its 2024 beef production forecast 5 million lbs.
The international monetary and reserve system is gradually moving away from dollar dominance.
The World Bank raised its global economic growth forecast for this year to 2.6%, up from January’s 2.4%, driven by strong U.S. economic expansion. However, it warns that. . .