News
US corn and soybeans prices fall sharply after USDA stocks surprise
US corn outright prices fell sharply Sept. 30, tracking losses on the Chicago Board of Trade after the USDA Grains Stocks report was released, which showed higher corn stocks than expected. Platts assessed October CIF New Orleans corn at $222.75/mt Sept. 30, down $7.95/mt from the previous assessment. November CIF New Orleans corn was assessed at $229.80/mt, down $8/mt, while December FOB Gulf corn was assessed at $236.52/mt, down $8.36/mt.
Groups: USDA Violated Law on REAP Rules
Electricity prices and other energy costs keep rising, but USDA has severely restricted one of the biggest tools farmers and small rural businesses have had to produce solar power on their farms to offset costs, according to a new lawsuit.
Farmers in Iowa, Illinois and Wisconsin, along with solar energy groups, filed a lawsuit Monday in the U.S. District Court for the District of Columbia, suing USDA and department officials over changes to the Rural Energy for America Program (REAP) that plaintiffs argue were done to effectively block funding for nearly all on-farm solar projects.
White House looking to Europe to release diesel from strategic reserves
President Donald Trump appears set on banning diesel exports. His Cabinet, oil industry executives and some GOP lawmakers are hoping he doesn’t.
Instead, they are pitching the administration on several other ideas that would be less disruptive to oil markets while still lowering the price of diesel — at least temporarily.
Among the ideas being floated is to ask European governments to release diesel from their own strategic reserves, said two people familiar with the discussions who were granted anonymity to discuss conversations with the White House.
Poet, Maersk Complete First US Marine Fueling Operation Using 100% Ethanol
Poet LLC announced on Monday that it recently supplied ethanol for the first 100% ethanol bunkering operation in the U.S. at the Port of Houston.
The successful trial was conducted by A.P. Moller-Maersk, one of the world’s largest maritime shipping companies, according to a news release from Poet.
“The successful operation was made possible through collaboration across the maritime and biofuels industries,” Poet said on Monday.
“Maersk provided the vessel and championed bioethanol as a marine fuel. Kirby Corporation supported the marine bunkering operation and transportation of the fuel. Port of Houston provided critical port coordination and infrastructure, while the U.S. Coast Guard supported the regulatory requirements necessary to conduct the first U.S.-based 100% bioethanol bunkering operation.”
Electric boomerang: Trump boosts his least fave car
Donald Trump might go down as the EV president. Global sales of electric vehicles are soaring, aided by skyrocketing gasoline and diesel prices resulting from the Iran war. In Europe, 1 in 5 new cars registered this year are fully electric. Add hybrids and it climbs to more than half of new registrations. In Australia and South Korea, EV sales were up 110% through the first half of 2026 compared to the same time in 20
“Brace for losing everything”: Farm crisis fears grip GOP in Iowa
Iowa is on the verge of a farm crisis that threatens to wreck the agricultural heart of the state and hurt the fortunes of Republicans at the top of the midterm ticket. Why it matters: Democrats could win in several once-reliably Republican states in November, but President Trump’s policies have caused such severe financial problems for farmers — especially those who grow corn — that Iowa appears particularly vulnerable.
Car dealers are desperate for new models but there’s an industrywide drought
Something’s missing from the nation’s auto showrooms: new cars. “It’s real bad,” said Michael DiFeo, a New Jersey Cadillac dealer. “I literally have people saying, ‘I am not leasing this car again. It’s the same car and the price keeps going up.’” Fresh models attract car buyers to showrooms and command higher prices.
Alito bows out of blockbuster Supreme Court climate case
Supreme Court Justice Samuel Alito is stepping back from a major climate argument just a week before the court is scheduled to take up the case.
Alito had faced calls to recuse himself from Suncor v. Boulder over his financial interests in energy companies. A Monday letter from Scott Harris, clerk of the court, informed the parties that Alito “has determined that he will not continue to participate in this case.” The notice did not further explain his decision to sit out arguments Oct. 5, the first day of the court’s new term.
Trump’s ‘affordability’ car rule makes drivers pay more at the pump
The Trump administration launched its fuel economy rule for cars Monday with promises of cutting costs for beleaguered voters, but the rule itself tells a different story: higher costs for consumers, balanced out by increased profits and lower costs for the U.S. oil and automotive industries. The rule that Transportation Secretary Sean Duffy unveiled Monday predicts that drivers will spend more to fill up the tanks of their model year 2031 cars — outweighing their own estimations of savings on car prices.
Farm bill prospects in spotlight as Boozman calls for bipartisan talks ASAP
Republicans and Democrats say a farm bill needs to pass Congress this year, so agriculture producers finally have up-to-date ag policies and in order to enact top ag priorities like year-round E15. That means both parties working through the fall recess to get it over the finish line, but whether that happens is unclear. Ag Committee Chair John Boozman, R-Ark., is hopeful that talks will take place over the break that begins later this week and runs through the first week of November.