Biodiesel producers are calling on Congress to reinstate the $1-a-gallon tax credit on biodiesel that expired at the end of the year, citing more than 1 billion gallons produced in 2011.
Corn basis is the strongest it's been in a decade according to some reports, basis in south-central Illinois is positive, the DTN National Corn Index came in at $6.20 Thursday, 15 cents under the March contract, and Gulf exporters are bidding over $7 a bushel. Are farmers just saying "no" since prices slid southward beginning back in September?