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...
Bean Oil Prices Poised to Break Higher
Bean oil prices moved higher on Monday slicing through trend line resistance, following Friday’s weaker than expected US employment report. Hedge fund traders seemed to have shifted their positives to the short side according to the latest industry report.
The small 126k rise in U.S. March nonfarm payrolls disappointed, but didn’t really shock, as a number of factors had been pointing to downside risks, including…