Agribusiness Update for Monday 1/6/14

The 60-day comment period on the EPA's proposed 2014 Renewable Fuel Standard statutory levels for ethanol and advanced biofuels will close mid-month. No matter what the EPA does - some groups continue to argue that it's Congress that needs to act to provide a permanent fix. Groups like the American Petroleum Institute have called for a full repeal of the RFS.

The House is expected to open the new year with work on legislation aimed at easing environmental regulations. The Reducing Excessive Deadline Obligations Act - H.R. 2279 - is a compilation of three environmental bills approved by the House Energy Committee. House Republicans have reportedly scheduled the bill for consideration.

General Mills says it has changed how it sources and handles ingredients to ensure the corn starch for original Cheerios comes only from non-GMO corn and the sugar is only non-GMO pure cane sugar. According to GMO Inside - 40-thousand Facebook posts were made by consumers taking part in their campaign calling on General Mills to make Cheerios non-GMO.

That's today's Agribusiness Update from the Ag Information Network.