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...
Weekly Export Sales
Soybean export sales bounced back despite the surging U.S. dollar, 75% higher week over week, but still 16% below their prior four-week average. At 347 TMT, sales were near the upper end of analyst expectations that ranged from 0 to 425 TMT. Total export commitments are 98.7% of USDA forecast with 24 weeks to go. Leading purchasers were Bangladesh,…