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The Biden administration plans to allow summertime sales of E15. President Biden made the announcement during a speech at POET Biorefining’s ethanol plant in Menlo, Iowa Tuesday afternoon, saying he’s leaning on farmers and biofuel refiners to help alleviate record-high fuel costs. “Today I’m announcing (that) the Environmental Protection Agency is planning to issue an emergency waiver to allow E15 gasoline that uses more ethanol from homegrown crops to be […]

The Ohio Corn and Wheat Growers Association is thanking President Biden for delivering lower cost fuel options. Ben Klick, president of the association, says Ohio corn growers have been demonstrating how higher blends of ethanol are a smart choice to lower costs at the pump for months. He says the move to allow summertime sales of E15 is a critical stop gap measure to ensure consumers can use cleaner burning, […]

Nebraska Corn is thankful President Biden is given U.S. drivers continued access to E15 fuel. Nebraska Corn Board Chair Jay Reiners says the waiver will offer immediate and substantial price relief to all Americans. He says producers and consumers need fair access to E15 and urges the EPA to modify the warning label to allow permanent, year-round sales of the blend. Nebraska Corn Growers Association President Andy Jobman says without […]

Indiana Farm Bureau President Randy Kron says the organization is grateful the Biden administration listened to the agriculture industry’s call to lift summertime restrictions on E15. He says the higher blend of ethanol will reduce costs to consumers at the pump and benefit Hoosier farmers. “Indiana has 15 ethanol plants, and about 45% of the corn we grow goes into ethanol,” he says. “Ethanol represents a critical market for our […]

May corn closed at $7.76 and 1/4, up 11 and 3/4 centsMay soybeans closed at $16.70 and 1/4, up 15 centsMay soybean meal closed at $460.90, up $1.80May soybean oil closed at $75.43, up 113 pointsMay wheat closed at $11.03 and 3/4, up 22 and 1/2 centsApr. live cattle closed at $139.95, up $1.42June lean hogs closed at $118.47, up $3.45May Class III milk closed at $24.81, down 12 centsMay […]

The Michigan Corn Growers Association is thankful President Biden is extending the use of E15 to lower gas prices. President Randy Poll says the state’s farmers are ready to support American energy independence with ethanol made in Michigan.  The four active plants in the state produce about 330 million gallons annually. The organization is also advocating for the passage of the Next Generation Fuels Act to support higher blends of […]

At the Chicago Mercantile Exchange, live cattle were higher and feeders were mostly higher, supported by the strength in cash business and higher boxed beef prices during the session.  June live cattle closed $1.50 higher at $136.30 and August live cattle closed $1.02 higher at $137.65.  May feeder cattle closed $1.02 higher at $160.92 and August feeder cattle closed $.45 higher at $173.75.  There was a light direct cash cattle […]

A farmer in northeast Iowa is happy he changed herbicide programs this year. Bob Hemesath of Decorah says that’s because there are concerns about glyphosate shortages throughout the Midwest. “I’ve been using the same program the last probably three or four years on our corn ground, and this year we actually switched to a pre-mix that has glyphosate already in it. And supply of that seems to not be an […]

Soybean futures found support on Tuesday after an oversold bounce coming from Monday’s losses. Crude oil is rebounded sharply, adding support to the soybean complex, especially for soybean oil. Reports of China backing off on some COVID related restrictions is adding support back into the market by reducing the potential for export volatility. The soybean market saw strong support last week with USDA’s estimated soybean ending stocks falling 25 million […]