POET, a biofuel maker, expressed concerns that the Biden administration’s decision on tax credits for sustainable aviation fuel (SAF) could lead them to withdraw from the SAF market.
On the positive side for corn, the U.S. corn harvest is winding down rapidly, which means farmer selling at the local elevators and commercial hedge pressure will subside.
Witnesses at the hearing acknowledged the benefits of new technologies, including increased crop yields and reduced waste, but stressed the importance of providing clear benefits to growers.
As South America’s growing season progresses market participants will closely watch for potential changes in Brazil and Argentine production estimates.
