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The SD Corn Growers Association on the Farm Bill Extension and Economic Assistance for Producers

The South Dakota Corn Growers Association greatly appreciates the inclusion of a farm bill extension as well as around $10 billion in 2024 economic assistance for producers with the short-term continuing resolution to fund the federal government. Input prices have generally been increasing, including relatively recent spikes in fertilizer costs. We also note that targeting these dollars to those that bear risk, is strongly supported by our members.

Finally, we thank our Congressional delegation and U.S. House of Representatives Speaker Mike Johnson (R-LA) for the inclusion of a fix to allow the sale nationwide, year-round of E15. This is great for consumers’ pocketbooks and a win for the environment, as E15 burns cleaner than other fuel options. South Dakota farmers have great ability to help provide food, feed and fuel here in our country. If anything has become apparent from “black swan” events such as Covid and Ukraine, it is that if we can produce energy and food here in the U.S., we should do so. We support the funding bill package and urge Congress to quickly pass this important legislation.

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2026 USDA Acreage Fireworks Next Week? + RVO’s Old new

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Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.