05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
CWG traded in a fairly steady range, $0.2500 – 0.2650 FOB Mo. River this afternoon. There was a small bit of trading done as high as $0.2750. Bids were heard for Chicago BFT, both packer and render, and CWG at steady money. Offers weren’t reported.
The market continues to be a tough one to pin down. The biodiesel demand remains fairly weak, particularly for the animal fats. Argentina, the lack of a set RVO and a poor market for the gallons produced have a…