Wednesday, May 5, 2021 8:46AM CDT
EPA Administrator Michael Regan, along with Agriculture Secretary Tom Vilsack, toured the Lincolnway Energy ethanol plant near Nevada, Iowa, and hosted a roundtable discussion with producers. Ethanol producers made the case that the Biden administration shouldn't put all of its stock in electric vehicles. Regan also later visited a Superfund site in downtown Des Moines.
Wednesday, May 5, 2021 5:00AM CDT
The price gains seen for corn, soybeans, wheat, cotton, canola, oats and any other plantable commodity this spring are part of a broader phenomenon inflating most other commodity sectors at the same time.
July corn is up 1 1/4 cents, July soybeans are up 12 cents and July KC wheat is up 1 1/4 cents.
There will likely be follow-through pressure in cattle futures due to renewed liquidation Tuesday. Grain prices continue to increase. Pork is in demand with packers remaining aggressive. That may not change anytime soon.