President Trump is scheduled to be in Council Bluffs, Iowa next week (9 October), and he has hinted that he’ll unveil the administration’s plans to approve year-round sales of E15 at that time. This is not the first time that expectations on the issue have been set, evidenced by the following:
In May, Senator Charles Grassley (R-Iowa) announced that the president had instructed the administration to move forward with a rule to allow year-round E15 sales. In July, President Trump said on a visit to Iowa that approval of the new E15 rule was “very close.” In August, USDA Secretary Perdue announced during a speech (also in Iowa) that the president wanted to sign off on an E15 rule by “next week.”
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What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
