The 2018 farm bill, the Agricultural Act of 2018, passed the U.S. House 369 to 47 on Wednesday afternoon with 182 Republicans joining 187 Democrats in supporting the bill. The House vote follows an 87-13 Senate vote for the bill on Tuesday, reflecting strong support for the bill in both chambers of Congress.
USDA Deputy Secretary Steve Censky spoke to members of the Iowa Soybean Association Thursday morning about trade-aid payments and the farm bill. The status of the trade-aid payments was among the first questions from farmers when Censky wrapped up his talk.
Domestic wholesale prices for most fertilizers are expected to be lower in the short term due to seasonally slow demand and, in some cases, a larger-than-expected inventory carryover resulting from a poor fall application season.
A number of representatives from biofuel interest groups testified in opposition to a proposal in the U.S. House of Representatives to replace the Renewable Fuel Standard with a national octane standard.
Energy Information Administration data once again detailed higher domestic ethanol stocks, posting the second consecutive gain to reach a three-week high while production edged off fractionally from a nine-week high.