The Administration recently made changes that biofuel groups say will help keep fuel prices down. Blending requirements came in well-above industry expectations, and it is a move analysts say will lift up soybean growers, but they warn it will not happen overnight.
“I think this really is a long well, at least it’s a multi-year, you know, step in a domestic demand increase picture to help support soybean prices,” said Ben Brown, Extension Agricultural Economist - University of Missouri.
The EPA is accepting public comments before any action can be taken on those blending proposals. The cutoff date to voice your concerns is August 8th.
Related Stories
U.S. Soybean Export Council CEO Jim Sutter joins us to discuss the impact of new trade development funding for U.S. soy.
Feed demand and premiums drive growth for the crop
RFA President and CEO Geoff Cooper joined us to discuss the proposed E15 amendment in the Farm Bill, industry reaction to the legislation, and the outlook for year-round E15 sales.
Corn export demand remains supportive, but weak pork and rice sales show uneven global demand trends.
Kansas row crop farmer Brad Keeler joins us to discuss drought conditions, planting decisions, input costs, and overall farmer sentiment in his region.
ASFMRA’s Dennis Reyman joined us to discuss planting progress, crop trends, grain movement, and farmland market activity in Iowa.
