Your Pro Farmer newsletter (Jan. 18, 2025) is now available

The outgoing Biden administration released preliminary details on the clean fuel 45Z tax credit program, which will offer more flexibility for corn, soybeans and sorghum to qualify as eligible feedstocks. However, the incoming Trump administration will have the final say on critical loose ends and there is still a lot of uncertainty. Brazil’s soybean crop will be record-large this year, though rains in central production areas are delaying early harvest efforts and could cause quality concerns if they persist. Meanwhile, far southern Brazil and especially Argentina is dry, stressing corn and soybean crops. USDA’s January crop reports triggered a bullish price response early last week, which encouraged us to increase 2024-crop corn and soybean sales. We cover all of these items and much more in this week’s newsletter, which you can download here.