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Grain futures look to follow-through on the solid Friday gains posted for corn and soybeans, but traders will be cautious about nearing levels of technical resistance, as well as the possibility for active farmer selling. In the Headlines A bullish January crop report left most farmers more frustrated than relieved, since the historically large corn and soybean yield cuts only came after so much crop had already been sold under the assumption of drastically higher production and ending stocks estimates. The 179.3 bushel per acre corn yield was down 3.8 from November and left the 2025 corn carryout at 1.54 billion bushels while the 50.7 bpa soybean yield was down 1 to cut the carryout to 380 million bushels. Farmers were failed by the government in more ways than one on Friday. Two years late and ultimately incomplete, the Treasury Department only released a “notice of intent” for rules regarding the 45Z Clean Fuel Production Credits, which provides for a public comment period and further review until April 10th. The language of the release does not clearly address ethanol’s eligibility for use in sustainable aviation fuel, nor does it explicitly block imported feedstocks. The Iowa Renewable Fuels Association commented that…

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