05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Crop Progress – 12.2 Billion Bushels of Corn & 3.8 Billion Bushels of Soybeans Harvested
Corn:
- 82 percent harvested
The corn harvest is 82 percent complete, up 10 points from last week and 13 points over the historical norm. Of the expected harvest, 12.2 billion bushels have been gathered with 2.7 billion bushels remaining. Eleven out of 18 reporting states are ahead of their historical harvest pace. The Dakota’s, Colorado, Iowa and Nebraska all are at least 23 points over average. Ohio is the largest producer furthest behind, trailing their average harvest pace by 24 points.
Soybeans:
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