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 – 8.94 Billion Bushels of Corn & 3.23 Billion Bushels of Soybeans Harvested
Corn:
- 97 percent mature
- 60 percent harvested
- 61 percent good to excellent; 14 percent poor to very poor
The corn crop is 97 percent mature three points over the historical average and 12 points over last season’s pace. Favorable conditions and a matured crop allowed producers to accelerate the harvest over the past week. The harvest is 60 percent complete, up 19 points from last week and 17 points over the historical norm. There have been 8.94 billion bushels of corn harvested with 5.96 billion bushels remaining. Several large corn producing states like Iowa, Nebraska, Kansas and South Dakota are well ahead of their traditional harvest pace average, while states that were behind…