Tidbits
The grain markets will close at 12:05 PM CT this week Tuesday, December 24th.
The markets will be closed all day on Wednesday, December 25th.
They will open back up on Thursday at 8:30 AM CT, December 26th.
The U.S. government pushed through a funding bill at the last minute, President Biden signed it on Saturday, putting off the next fight over the debt ceiling until March, when it will become a problem for President-elect Trump.
The bill included a one-year extension of the 2018 Farm Bill and $10 billion in economic relief payments. Farmers will be provided direct payments per acre of crops grown in 2024, with a cap limitation. Here is a summary by FarmJournal: https://assets.farmjournal.com/45/ed/6e9d2d554d0c9e77de3c903f5aef/farmact-factsheet-final.pdf
Notably, a formal support for higher ethanol blends was excluded. Also, the package allocated $100 billion in disaster aid for this year's hurricane devastation.
Q&A: Fuel & UAN
Question from Duane:
"Should we be looking to book spring fuel needs shortly? Traditionally February has been a good time for spring fill. Looking further into the season thinking it may be a good time book 28% also."