PRO FARMER
The House approved the Protecting American Agriculture from Foreign Adversaries Act, aimed at increasing oversight of farmland purchases by foreign investors, particularly those from China, Russia, Iran and North Korea.
Reuters reported USDA Secretary Tom Vilsack is “confident” the clean fuels tax credit will be finalized by end of the Biden administration in January.
The decline was partially due to lower total national supply (down 1% to 38.7 MMT).
Federal Reserve policymakers said they are ready to lower interest rates at the U.S. central bank’s meeting in two weeks.
The SAF Coalition has formed, representing nearly 40 major airlines, airports, manufacturers and biofuel producers, lobbying Congress to provide a larger and longer-lasting tax incentive for sustainable aviation fuel (SAF).
Low water conditions have led to several barges running aground along a key stretch of the lower Mississippi River, the U.S. Coast Guard told Reuters.
A push by India to make more corn-based ethanol has turned Asia’s top corn exporter into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains.
USDA Secretary Tom Vilsack announced funding for 160 projects across 26 states to expand clean energy systems and boost domestic biofuels.
Members of the National Oilseed Processors Association (NOPA) crushed 182.9 million bu. of soybeans in July.
Details on the latest production forecasts from the International Grains Council.