WASDE crop report at 11:00 CT today.

Markets Await 45Z Guidance, USDA Crop Updates, and Record Cattle Prices Amid Strong Employment Data

Corn and soybeans are higher this morning, led by a sharply higher soybean all market, as the Treasury Department is expected to release their in-term guidance on the clean fuel tax credit, 45Z. These guidelines have been awaited for months as they could allow the US biofuel industry producer tax credits under the 2021 Inflation Adjustment Act to be imp…