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Announcement is “notice of intent to propose regulations” for 45Z, meaning some important details of interpreting the tax code will be left to the incoming Trump administration | No foreign-origin UCO can tap credit program
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Corn, beans post bullish reaction to USDA’s data.
USDA pegged the final corn yield at 179.3 bu. per acre, down 3.8 bu. from Nov, while the soybean yield was trimmed by 1 bu. per acre to 50.7 bpa. Quarterly corn, soybean stocks were also below expectations, while wheat seedings landed well above.
