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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.
Crop rotations lead to lower corn and higher soybean acres than thought, but worries over input costs could lead to later-than-normal decisions.
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.
Corn, soybeans and wheat are each poised to work higher on a technical basis.
Trump says aid package announcement for farmers coming today.
While an unexpected March freeze is causing some farmers in Mississippi to replant corn, a mild spring is spurring early planting, with some farmers reporting they’ll finish planting corn by the end of this week.
Unseasonably warm temperatures are expected to continue next week
Soybeans led strength overnight and are trading above key resistance this morning.
Hot weather in Midwest, Plains today; livestock stress possible
Corn and wheat favored the downside overnight, continuing the tight correlation with crude oil futures.
As the five-year sunset review begins, corn growers are urging regulators to scrap phosphate duties they say have restricted supply and cost U.S. agriculture $1 billion each year.
EPA biofuels announcement expected today
Corn led strength overnight, following crude oil higher.
Another heat wave coming to Plains, Midwest
Economist Lane Akre takes the host seat this week and covers news and a discussion on China trade with Economist Spencer Langford before covering the impact of the Iranian war on energy and fund positioning with Market Analyst Hillari Mason.
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