The 2007 Commodity Classic is upon us. For the first time this year, the annual commodity event brings together the “Big Three” – corn, soybeans AND wheat. The first two have been meeting in a combined event for years, now wheat has decided to join the club.
The meeting will have a pirate theme this year, being held overlooking beautiful Tampa Bay, famous for its annual Gasparilla Pirate Festival. And domestic fuels will be taking center stage at the event, since all three of these important commodities are being affected by the biofuels boom. The National Corn Growers Association (NCGA), American Soybean Association (ASA) and National Association of Wheat Growers (NAWG) will all be holding their annual meetings at the Classic and making policy decisions that will definitely include energy and biofuels.
NCGA CEO Rick Tolman says the “Corn Congress” will be considering resolutions on what corn growers would like to see in the 2007 Farm Bill. “In addition, we’ve got some real challenges with biofuels policy,” said Tolman. “We’re rapidly meeting a point where current policy will not drive the market anymore – we’ve outgrown that market. So, we’ve got to have some new policy there as well.”
You can listen to an interview with Tolman here: Rick Tolman Interview (5 min MP3)
Stay tuned to Domestic Fuel for complete coverage this week of the Commodity Classic.