Tridge summary
US corn prices have increased by 4 cents overnight, driven by active fund buying and late spring forecasts. This trend is seen in soybeans, CBOT and Minneapolis wheat, as well as in the Dalian Commodity Exchange in China and the MATIF exchange in Europe. The Iowa Renewable Fuels Association has announced the renewal and expansion of the Biodiesel Farm Credit Program, providing $45,000 to Iowa farmers who use biodiesel, in an effort to incentivize the use of this renewable fuel.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Today, US corn is up 4 cents overnight, according to information from agriculture.com. “Currently, corn is up 4 cents and soybeans are up 1 ⁄ 2 cents. CBOT wheat was up 13¢. KC Wheat was up 14 cents. Minneapolis wheat is up 7 cents,” he says. “Al Kluis, managing director of Kluis Commodity Advisors, said that grains rose on Tuesday in response to active fund buying and late spring forecasts in the US. Outside the US, notes Kluis at the Dalian Commodity Exchange in China, corn and soybeans are up, while on the MATIF exchange in Europe, wheat futures are up 3 cents a bushel at $8.72.” At the same time, the Iowa Renewable Fuels Association announced yesterday that it is renewing and expanding the Biodiesel Farm Credit Program, making $45,000 available to Iowa farmers who choose biodiesel. “On a first-come, first-served basis, farmers who fill their on-farm fuel tanks can receive 25 cents per gallon of B11 (a fuel blend of 11% biodiesel and 89% petroleum diesel) and 50 cents per ...
Source: Agrolink
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