Content ID

336186

Evening Edition | Tuesday, November 15, 2022

In tonight's Evening Edition, catch up on the markets activity, biofuel mandate, and steel shortage.

Markets

Editor Cassidy Walter covers the day's markets, which closed with corn futures up 9¢ and soybeans up 16¢.

Grains surged late in the day following news that a Russian missile strike crossed the Ukraine-Poland border and killed two Poles, says Naomi Blohm with Total Farm Marketing.

Click the article below for live cattle, lean hogs, and feeder cattle.

Biofuel Mandate

EPA should increase the advanced biofuels share of the fuel market by 1 billion gallons a year to reflect the land rush into renewable diesel production, said the trade group Clean Fuels America Alliance on Monday.

The recommendation would raise the federal mandate for second-generation biofuels to 7.63 billion gallons in 2024, a 36% increase from this year.

Read on for the estimated commercial production in the next several years.

Steel Shortage

About 45% of producers recently surveyed as part of Purdue University’s Ag Economy Barometer reported that insufficient supplies have impeded their equipment purchases.

Machinery Insider reports on the shortage and interviews Neil Messick of Messick Equipment. He says, “Our equipment allotment for 2023 is already sold, and we’re only taking orders for new equipment to deliver in 2024. Now some domestically made items like hay equipment are in better supply, but large ag equipment is almost nonexistent.”

Find out how manufacturers are faring and what tactics you can employ to be better situated for 2023.

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