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...
The estimated crush margin moved higher for the first time in four weeks, climbing 4.8% to $2.42 per bushel. An increase in the cost of soybeans and a decrease in soybean oil values were more than offset by a 4.4% increase in soybean meal prices. The cost of soybeans climbed 2.31% over the past week. However, the value received from soybean oil and meal sales, per bushel of soybeans crushed, increased 4.4%. Moving from…