The U.S. Department of Agriculture (USDA) Crop Report as of April 29, 2024 shows promising developments in corn and soybean planting, crucial information for the propane and renewable fuels sectors. Corn planting has climbed to 23% across the 18 states, which accounts for 92% of the corn acreage. Tracking corn progress is important for propane demand, as corn drying relies heavily on propane during the harvest season. Similarly, soybean planting in the 18 states, representing 96% of the soybean acreage, has also commenced with 16% already planted. This progress is vital for the renewable fuels industry, like biodiesel, where soybeans are a key resource. Understanding these trends is essential for industry stakeholders preparing for the upcoming months.
Thursday, May 2, 2024
