Apr 28 | Closing Market Report

Apr 28 | Closing Market Report

From Closing Market Report by Todd E. Gleason

April 28, 2026 · 24 min · Episode 10338

About this episode

The episode discusses agricultural market updates, the impact of renewable fuel standards on biomass-based diesel, and weather forecasts affecting crop conditions.

- Naomi Blohm, TotalFarmMarketing.com - RFS Rule's Impact on BioMass Based Diesel RINs - Don Day, DayWeather.com The April 28, 2026, Closing Market Report covers updates on agricultural markets, federal renewable fuel standards, and national weather forecasts. Naomi Blohm highlights a rapid planting pace for corn and soybeans across the Midwest, contrasted by stalled progress in Wisconsin due to heavy rains. She also notes that poor winter wheat conditions and ongoing geopolitical tensions in the Black Sea are driving up wheat futures. Following the market update, agricultural economist Todd Hubbs explains that new Renewable Fuel Standard (RFS) mandates will push domestic biomass-based diesel production to its limits. He details that a structural shortfall in D6 (corn ethanol) RINs requires a backfill using D4 (biomass diesel) RINs, which is expected to sharply increase demand for feedstocks like soybeans or other oilseeds over the next two years. Finally, meteorologist Don Day forecasts a weather shift that will bring beneficial rain to the drought-stricken Delta and Southeast regions, though severe dryness is expected to persist across the hard red winter wheat areas of the…

People in this episode

Host: Todd E. Gleason

Guests: Naomi Blohm, Todd Hubbs, Don Day

Topics covered

  • agricultural markets
  • renewable fuel standards
  • weather forecasts
  • corn planting
  • soybean production
  • wheat futures

Keywords

  • agriculture
  • biofuel
  • RFS
  • corn
  • soybeans
  • wheat
  • weather
  • market report

Mentioned in this episode

Organizations: TotalFarmMarketing.com, DayWeather.com

Places: Midwest, Wisconsin, Black Sea, Delta, Southeast, central and western Plains

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