USDA expects U.S. ag exports to hit a new record this year and projects continued strong prices for major commodities this year while acknowledging that Russia's invasion of Ukraine has injected new uncertainty into world markets.
CHS is the latest soybean processor hoping to increase its presence in the renewable diesel sector, as the company announced a $60 million expansion of its Mankato, Minn., soybean processing plant on Tuesday.
When it comes to producing soyoil for the rapidly emerging renewable diesel market, the industry is adamant that it can expand without the kind of food-versus-fuel criticism from the general public that has plagued biofuels in the past.
Congress is out this week, but Biden administration officials say they’ll continue to work with Senate Republicans toward an infrastructure deal. To recap, Republicans came back with a counter-offer last week of close to $1 trillion, which is still far under Biden’s last proposal of $1.7 trillion.
Some 300 corporations, including some industry giants in the agriculture and food industry, are calling on President Joe Biden to commit the U.S. to cutting its greenhouse gas emissions in half by 2030 from 2005 levels.
The top Democrat on the House Agriculture Appropriations Subcommittee is not opposed to moving President Joe Biden’s $2 trillion infrastructure bill through the reconciliation budget process if Republicans don’t come to the table.
President Joe Biden’s $2.25 trillion infrastructure plan offers many provisions that have long been priorities with farm groups, including a $100 billion plan to connect the entire U.S. to high-speed internet.
President Joe Biden’s COVID-19 advisers tell Agri-Pulse they’re optimistic that rural residents will get vaccinated in sufficient numbers to stop the virus from circulating. But these advisers say they know people who may be hesitant about getting a shot have to hear from their doctors and other local people they trust.