Today, the nation is pausing to remember the late President and humble peanut farmer, Jimmy Carter.
It is the National Day of Mourning, with the former President’s funeral today. Carter has been lying in state in the Capitol Rotunda and is currently making his way across D.C. right now.
A National Day of Mourning means there will be shakeups in the markets. Equities are closed, with commodity markets wrapping up at 12:15 PM Eastern.
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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
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