Biofuel
For soybean producers, continued biofuel expansion increasingly depends on whether refiners can physically produce and blend enough fuel to meet federal targets.
Stronger renewable diesel incentives could support demand for soybean oil and other domestic feedstocks.
Geoff Cooper says the EPA action could provide more options for refiners and blenders.
Sen. John Hoeven says the committee expects to have the votes needed to move the legislation forward.
Higher production and exports continue providing an important source of demand for U.S. corn.
USDA reports higher corn use for ethanol and increased soybean processing compared with last year.
The setback leaves the 2018 Farm Bill operating under its third consecutive extension. That authorization expires September 30.
The Senate Agriculture Committee’s failure to advance the bill means negotiations will continue as lawmakers look for a path forward before the end of the year.
Sen. Roger Marshall says Democrats rejected legislation over SNAP provisions despite bipartisan farm priorities.
Sen. Jerry Moran of Kansas discussed the Senate Agriculture Committee’s Farm Bill markup on Thursday and the key issues shaping negotiations.