Latest News Articles
Wheat Prices Trade Limit Up
Published March 5, 2022
Extraordinary geopolitical events bring extraordinary prices. Summit Commodities market analyst Tim Marsh says it’s hard to know how long gyrations in the wheat market will last. "When the market decides something's been determined in Russia and Ukraine, the market will…Memories of 2008
Published March 5, 2022
The Arthur Companies grain merchandiser Jenna Knutson says the higher wheat prices bring a sense of déjà vu, reminding many of 2008. "At that time, we saw wheat prices go to $18 or $20. Farmers watched it go up and…Global Food Prices Reach All-Time High
Published March 5, 2022
Global food prices were at an all-time high in February. That’s according to the United Nations’ Food and Agriculture Organization. The Food Price’s Index increased 3.9 percent and the rise puts the index above its earlier record high in 2011.…Thune Frustrated with EPA’s RFS Enforcement
Published March 5, 2022
South Dakota Senator John Thune is frustrated with how the Environmental Protection Agency is enforcing the Renewable Fuel Standard. "I just get an overall sense the administration is very lukewarm toward biofuels. I can't explain that. I've tried twice to…Local Potato Growers Attend Washington Summit
Published March 5, 2022
Potato growers and industry leaders were in Washington D.C. last week for the annual Washington Summit. NoKota Packers President Carissa Olsen and three others from North Dakota and Minnesota focused on agricultural policy issues like ag labor and trade. "We've…Food vs. Fuel Shows Up Amid Russia-Ukraine Crisis
Published March 5, 2022
According to Reuters, the Biden administration is considering whether waiving the U.S. biofuel blending mandates could stabilize rising prices for food ingredients. Corn and soybean oil prices continue to increase since Russia invaded Ukraine. Reuters says there are concerns at…Ocean Shipping Reform Bill Reviewed in Senate
Published March 5, 2022
When President Biden talked about the higher prices of shipping goods on ocean vessels in the State of the Union address last week, a reference was made to the Ocean Shipping Reform Act. This proposal is sponsored by Minnesota Senator…Biofuel Supporters Tell Biden to Get Renewable Fuel Standard on Track
Published March 5, 2022
As fuel prices increase due to the Russia-Ukraine crisis, renewable fuel supporters want President Biden to expand access to biofuels. In a joint statement, the American Farm Bureau Federation, National Farmers Union, Renewable Fuels Association and others said now is…A Glimpse into the Farm Bill Process if the GOP is in the Majority
Published March 5, 2022
Former House Agriculture Committee Chairman Frank Lucas is hopeful the upcoming elections will switch the majority in the House. If that’s the case, Glenn "G.T." Thompson would be the chairman of the agriculture committee. "If Republicans are in the majority,…