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Bree Baatz

Oct 1, 2026

26:35
Uh, what about rail rate increases due to the higher diesel fuel prices? What are you seeing in that vein?
26:42
Yeah, so there's a couple of things that we need to u- unpack here.
26:45
So yes, fuel surcharge is record high for the rail industry.
26:50
It posted records last week.
26:51
It's come down.
26:52
All grain transportation indicate, cost indicators have come down week over week, according to USDA.
26:58
Not that that gives anybody warm and fuzzy feelings.
30:16
Yeah The only silver lining to this for farmers has been biofuels demand, right?
15:29
So soybean usage in the states in the year ahead, what does it look like?
15:34
Yeah, it's continuing to increase.
15:36
So USDA has penciled in a 5% increase for new crop on crush, and it's going to be record large.
15:43
I think that we have a lot of positive momentum building in biofuels, which is what's driving this industry expansion to get that soybean oil as a feedstock into renewable diesel production specifically.
15:55
What's good about the expansion, especially in a state like Wisconsin, is you'll draw more bushels into that geographic radius.
16:04
You will increase basis for farmers, especially here in Nebraska with our crush expansion.
16:10
Basis should improve.
18:02
So with where we sit right now, what are the take-home messages for farmers when it comes to risk management at the farm level? What should they be focused on?
0:41
So let's talk about what do the corn bulls right now need to keep the momentum going, you think, and maybe get above the May highs that we had.
0:50
Yeah, so I think the results from this week are certainly supportive for this.
0:54
You also have the geopolitical conflicts with the Russia-Ukraine war amplifying the on a get off again conflict with Iran.
1:01
And so there's several global wild cards, if you will, that we don't know how long those are going to last that are also keeping price support for corn for sure.
1:11
But the good news is demand has just been a record pace for old crop, and I don't expect that momentum to slow at all when we look to new crop.
1:18
And I know while USDA printed 10.1% stocks to use in the last August update, I expect if...
1:27
They do field measurements like we've been doing this week.
5:15
But what do the bulls need to get over that mark, do you think?

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