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Top stories for Jan. 10, 2025

After the Bell

Crops Analysis

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

Livestock Analysis

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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.

Market Snapshot

Corn and soybean sales during the week ended Jan. 2 were each down 40% from the previous week, while wheat sales dipped 21%.