Good morning,

 

Happy Halloween!

 

Corn was lower yesterday and down slightly overnight as seasonal harvest pressure and lasc of fresh news in the export market develops. The markets seem to be spinning their wheels as we end the month.

  

USDA Deputy Secretary Xochitl Torres Small announced on Tuesday that the USDA is investing $239 million through the “Higher Blends Infrastructure Incentive Program (HBIIP) & the biobased market access and development program to increase biofuel infrastructure to scale up biobased technologies. 39 million dollars is granted towards projects aimed at upgrading fuel pumps, dispensers, and storage tanks to support fuels that require a higher blend rate, such as E85 (85% ethanol/15% gasoline). The other 200 million dollars is coming from the Commodity Credit Corporation (CCC) for a biobased market access and development program. This capital will be used to fund loan guarantees for products that support biobased technologies and increase commercial viability.

 

Rain has finally fallen in our area. With reports of 2+ inches over the last 12 hours and more chances today, harvest will be on hold for today. Corn harvest nationally came in at 81% completed earlier this week which is up from 65% last week and 68% last year.

 

Have a Safe Day!

 

Garry Gard

920-348-6844

ggard@didioninc.com