Tidbits, Budget Bill, Jobs, Weather & Drought Monitor, Export Sales 7/4/25
- Wright team
- Jul 4
- 4 min read
Tidbits
The House of Representatives passed the senate version of the Budget Bill by a vote of 218 to 214. The National Corn Growers Association President Kenneth Hartman, Jr. issued the following statement in response:
“The Budget Bill Act contains several important and longstanding priorities for corn growers, including the extension of key tax provisions and investments in commodity and trade promotion programs. Corn growers have been pushing for many of these improvements since at least 2023 and spent much of the last year preparing to shape the federal tax provisions. We appreciate the members of Congress who worked to ensure our views and these provisions were included in the final bill and look forward to the president signing this legislation into law tomorrow.”
The Budget Bill castrates government subsidies and tax credits for new solar and wind energy projects. It includes a new tax credit for coal used in steel making that had been available only for critical minerals used in weapons making and green energy. But what about 45Z specifics?
Over the past 6 months the Dollar has dropped more than 10% which has not happened this quickly since 1973. If the dollar was as strong as it was at the beginning of 2025, grain prices would be in even worse shape.
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