Corn sees firm finish, wheat mostly up

Corn sees firm finish, wheat mostly up

Soybeans were mixed, with nearby contracts down and deferred months up on bear spreading. Brazil’s harvest is past 60% complete and their basis is moving lower, adding to their export advantage. The USDA’s next round of supply, demand, and production numbers is out April 11th, along with CONAB’s updated outlook for Brazil. Domestic crush demand…Continue Reading

Another record year for E15 sales in Minnesota

Another record year for E15 sales in Minnesota

2023 was another record year for E15 sales in Minnesota. Brian Werner with the Minnesota Biofuels Association tells Brownfield data from the Department of Commerce shows the state sold more than 127 million gallons of fuel blended with 15 percent ethanol last year. “And it was another new record. And actually the most interesting thing…Continue Reading

Having a better understanding of break-even costs

Having a better understanding of break-even costs

An ag economist says it’s a good idea for farmers to stress-test their break-even production costs. Matt Erickson, an ag economic and policy advisor with Farm Credit Services of America, says it’s important to run through some hypothetical scenarios. “For instance, let’s say that we have, a 5% increase in cost or maybe our yields…Continue Reading

Lawmakers ask USTR to open biofuel markets

Lawmakers ask USTR to open biofuel markets

Midwest lawmakers in the U.S. House of Representatives sent letters to the Biden administration this week asking for expanded market access for U.S. biofuels and continued engagement with Brazil on its import tariff for U.S. ethanol. Brazil’s import tariff on U.S. ethanol has been in place since 2023 and it’s expected to increase to 18%…Continue Reading

Milk futures higher, cash dairy flat

Milk futures higher, cash dairy flat

Milk futures on the Chicago Mercantile Exchange were higher Tuesday despite lackluster cash trade and a higher dollar. March Class III milk up two cents at $16.46. April 13 cents higher at $16.29. May 21 cents higher at $16.70. June up 23 cents at $17.46. July through September contracts 27 to 29 cents higher. Dry…Continue Reading

Rain on the way, climatologist says

Rain on the way, climatologist says

Some areas of the Corn Belt could soon receive some much-needed precipitation. Justin Glisan, state climatologist for the Iowa Department of Agriculture, says a more active storm track is expected over the next seven days. “Anywhere from an inch to two-plus inches across much of the state. And this we see stretching from generally the…Continue Reading

Indiana Farm Bureau continues work on water quantity issues

Indiana Farm Bureau continues work on water quantity issues

The president of Indiana Farm Bureau says there are concerns a proposed high-tech corridor in Boone County could create water quantity issues for the state’s farmers. The Indiana Economic Development Corporation has proposed a pipeline project that would send up to 100 million gallons daily from a Wabash River aquifer to the controversial 10,000-acre LEAP…Continue Reading

Michigan bill would incentivize SAF production

Michigan bill would incentivize SAF production

Legislation proposed in Michigan could expedite the production of Sustainable Aviation Fuel. During a recent Senate Energy and Environment committee hearing, Delta Airlines chief sustainability officer Amelia DeLuca says the future of the aviation industry depends on a decarbonization plan. “I do not think electrification will power an aircraft anywhere in the next 100 years,”…Continue Reading

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