The Weekender

June 11

Summit 23 | August 2-3 | Saint Louis

LEARN TOGETHER | GROW TOGETHER | WHERE FARM & INDUSTRY MEET

Summit 23 brings together a few hundred top producers, industry leaders, innovators and entrepreneurs from across the US and internationally, sharing knowledge and insight into the next generation in agriculture.

This dynamic and immersive two-day event will provide an unparalleled educational experience that will equip attendees with the understanding, skills, and insights needed to thrive in a rapidly-evolving agricultural landscape.

The Lineup

.: Geoff Cooper | President, Renewable Fuels Association
.: Eric Kelley | Director of Sales, AmmPower
.: Than Hartsock | VP Precision Upgrades, John Deere
.: Matt Bennett | AgMarket.Net
.: Jennifer Ralston | North America Soybean Strategy Lead, Bayer Crop Science
.: Mike DeCamp | President & CEO CoverCress
.: Betsy Jibben | AgMarket.Net Consulting
.: Joe Jennings | CEO Daitaas
.: Susan David | Analyst, No Bull

Registration includes Welcome Reception at the legendary Broadway Oyster Bar, Summit 23 at Ballpark Village including breakfast, lunch & happy hour, plus all-inclusive Cardinals vs. Twins Baseball experience Thursday evening with premium open bar.

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Weekly Winners & Losers

Soybean oil for this win this past week, up 10.3%, its largest weekly gains in nearly a year as EPA has reportedly tabled the inclusion of eRINs (the EV RIN) in its 2023-25 Renewable Fuel Standard.

There is speculation EPA will increase mandated volumes of biomass-based diesel as a result, lifting soybean oil off its recent lows. Additionally, crackdowns on fraudulent Chinese ‘used cooking oil’ (aka palm oil which is not an approved feedstock for renewable diesel production) is supportive to soy oil.

Soybean oil’s rally has helped lift crush margins - July crush is up most than 20 cents on the week.

KC wheat continues to lose its premium over Chicago. July HRW futures settled at a $1.67/bushel premium over SRW Friday, down almost $1 from the mid-May highs.