Ag Secretary Brooke Rollins is working to keep refineries flowing with U.S. goods, saying her Department is cracking down on imports of used cooking oil.
“The USDA team is also working on ways to address the challenges associated with imported used cooking oil and imported tallow, which are displacing homegrown biofuels in the current ag economy. U.S. biofuels remain a bright spot and tremendous opportunity.”
Rollins met with EPA officials this week on renewable volume obligations. The Administration is also looking at any emergency waivers to get year-round sales of E15.
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USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
U.S. Secretary of Agriculture Brooke Rollins said permanent access to the higher ethanol blend would provide farmers with much-needed certainty while supporting domestic crop demand.
Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.
Record corn and sorghum crops boost feed grain supplies, while reduced soybean and cotton production tighten outlooks for oilseeds and fiber markets.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
