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Doubts around year-round E15 linger
Agreement on legislation to allow year-round E15 sales continued to elude farm and oil interests despite a Sunday deadline. A draft plan by the House GOP’s Rural Domestic Energy Council failed to win support by the weekend from mid-sized oil refiners who killed year-round E15 in an earlier defense bill. Despite breaks for those refiners from having to bear the cost of small refiner exemptions, it didn’t seem to be enough. Iowa Senator Chuck Grassley is a long-time E15 booster. Despite not...
Full-scale beef herd rebuild remains on hold
Typically, when beef prices are at a high level in the grocery store and herd numbers are low, the response is a rebuilding of supply. Nate Kauffman, the senior vice president and Omaha branch executive for the Kansas City Fed, says the numbers show there should be...
Secretary Naig calls on Congress for year-round E15 access
Today, Iowa Secretary of Agriculture Mike Naig urged the U.S. House of Representatives’ Rural Domestic Energy Council to find agreement to make year-round E15 available to drivers around the country. Secretary Naig, a longtime biofuels advocate, reinforced the...
Iowa farmers face demand gap as production grows
Iowa farmers continue to push productivity higher, but new demand has not kept pace with that growth. Iowa Renewable Fuels Association Executive Director Monte Shaw told members that agriculture is once again facing a familiar challenge: more grain than existing...
Markets continue to look at South America as harvest continues
There were some recent concerns about dry weather in South America, but the current forecast is now showing ideal conditions for their crops. Allendale commodity broker Greg McBride gave an update on the latest conditions in Brazil and Argentina. McBride said soybean...
Senate Finance Committee looks closely at USMCA trade deal
With the review process of the U.S.-Mexico-Canada Agreement set to begin later this year, the Senate Finance Committee took a closer look at the deal this week. Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, said the...
Strong U.S. corn exports continue
Another month-over-month increase is forecasted for our nation's corn exports, according to USDA's latest outlook. World Agricultural Outlook Board Chair Mark Jekanowski discusses the export numbers for the nation’s record corn crop. Jekanowski says one impact from...
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U.S. and Taiwan sign reciprocal trade agreement
Last week, the Office of the U.S. Trade Representative announced the signing of a reciprocal trade agreement between the U.S. and Taiwan. U.S. Meat Export Federation President and CEO Dan Halstrom said the agreement includes significant market access gains for U.S....
NASCAR partnering with POET to use new zero-carbon fuel
As part of a new partnership with POET, NASCAR has become the first major U.S. motorsport to utilize zero-carbon ethanol. This makes POET, which is already the nation’s largest biofuel producer, the Official Biofuel Partner of NASCAR. POET Founder and CEO Jeff Broin...
Full-scale beef herd rebuild remains on hold
Typically, when beef prices are at a high level in the grocery store and herd numbers are low, the response is a rebuilding of supply. Nate Kauffman, the senior vice president and Omaha branch executive for the Kansas City Fed, says the numbers show there should be...
Secretary Naig calls on Congress for year-round E15 access
Today, Iowa Secretary of Agriculture Mike Naig urged the U.S. House of Representatives’ Rural Domestic Energy Council to find agreement to make year-round E15 available to drivers around the country. Secretary Naig, a longtime biofuels advocate, reinforced the...
Iowa farmers face demand gap as production grows
Iowa farmers continue to push productivity higher, but new demand has not kept pace with that growth. Iowa Renewable Fuels Association Executive Director Monte Shaw told members that agriculture is once again facing a familiar challenge: more grain than existing...
