Tidbits, Corn Market Trend, Biofuel, China & Panama 3/28/26
- Wright team
- 2 days ago
- 5 min read
Tidbits
Biofuel: In an apparent classic buy the rumor and sell the fact event, just before the grain futures went from higher to lower yesterday, the EPA announced its 2026 and 2027 biofuel blending volumes. As expected, the renewable fuel volume requirements for this and next calendar year are the highest levels in program history. The EPA will maintain the 15 billion conventional gallons biofuel level.
Flash sale: Yesterday morning, the USDA announced the sale of 105,000 mts of old crop soybeans to unknown.
Iranian media reported yesterday morning that Iran’s Revolutionary Guard announced the Strait of Hormuz is closed and any transit through the Strait will face “harsh measures.”
China is detaining Panama-flagged vessels in Chinese ports. As a result, U.S. regulators warning of potential fallout for international trade. The Chairman of the Federal Maritime Commission (FMC) said they are closely monitoring a surge in inspections and detentions of Panama-flagged ships at Chinese ports, which are actions that appear to go well beyond normal port state control practices and may be tied to escalating tensions between China and Panama.
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