PRO FARMER
Office of Management and Budget (OMB) meetings on EPA’s biofuels plan for 2023 and beyond are ongoing, addressing the Renewable Fuel Standard (RFS) obligations.
Corn market outlook for the next 5, 30 and 90 days.
The U.S. exported $14.38 billion in ag goods during April against imports of $16.28 billion.
July SRW futures fell 11 cents to $6.16 3/4, ending the day near the session low.
This proposal has been supported by more than 100 lawmakers and the dairy industry, who argue that children are more likely to drink milk if it has a better taste.
EPA will abandon a proposal to include the electric vehicle industry in the U.S. biofuel blending program, three sources familiar with the matter told Reuters.
Short covering and technical buying from the speculators were featured today after the corn market got a bullish surprise with Monday afternoon’s weekly USDA crop progress reports.
SovEcon raised its 2023-24 Russian wheat export forecast by 2.7 MMT.
Cotton futures extended Friday’s weakness despite crude strength after top crude exporter Saudi Arabia pledged to cut production by an additional 1 million barrels per day from July.
Soybean market outlook and price drivers over the next 90 days.