A $908 billion aid package that would include $26 billion for nutrition programs and agricultural aid is being pitched by both members of the House and Senate to respond to the coronavirus pandemic and provide some stop-gap aid through the winter.
Business & Inputs
Growth Energy intends to sue the EPA for missing the Nov. 30 deadline to finalize the Renewable Fuel Standard 2021 volumes.
Domestic ethanol inventories posted a fourth consecutive weekly build, climbing to a 12-week high as production jumped to the highest level since March 20 while demand was at the lowest level since about mid-June.
Crude oil markets respond to recent COVID-19 news with an 8-month price high.
A number of agriculture and biofuel groups on Monday asked a federal appeals court to order the EPA to restore 500 million gallons of biofuels to the Renewable Fuel Standard, which the same court ruled in 2017 were waived illegally by the agency.
The loans and grants to paper businesses that did not exist a year ago reflect some of the fraud that occurred as the Small Business Administration sought to provide immediate emergency relief to businesses affected by the COVID-19 pandemic.
Ag Interest Rate
|DTN Ag Interest Rate Snapshot|
|TODAY||- LAST YEAR|
|CCC Loan Rate||1.125||2.625|
|Real Estate *||3.94||4.72|
|Feeder Livestock *||4.31||5.05|
|Farm Machinery *||4.88||5.57|
|* Federal Reserve's quarterly average|
|effective interest rates at ag banks.|
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