As soybean growers look for new buyers in the coming weeks and months, biodiesel has proven to be a reliable market. With new renewable volume obligations announced this year, the Iowa Soybean Association says they’ll be vital to a farmer’s bottom line.
On the ethanol side, output has been down lately. Numbers released earlier this month by the U.S. Energy Information Administration (EIA) show refineries produced at their lowest amount since May.
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Lower shipping costs alone will not restore export competitiveness.
The five-day auction drew up to 6,000 people and saw steady prices throughout the event
