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USDA’s March 2026 Prospective Plantings report produced no major surprises, but the bigger story may be the fact only 37.6% of farmers responded, the lowest participation in history for that survey.
Grains favored the downside overnight, giving up most of the gains seen on Tuesday following USDA reports.
The U.S. Environmental Protection Agency (EPA) finalized its Renewable Fuel Standard volumes for 2026 and 2027, setting biofuel blending requirements at record levels — higher than initially proposed — and reallocating 70% of waived gallons back into the system.