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 Consolidate Ahead of May Fed Meeting
Soy bean oil prices are consolidating in a relatively tight range between 30 and 32 cents per pound. Prices action is subdued as traders await fundaments news on supply as well as this weeks scheduled meeting by the Federal Reserve. Hedge fund traders reduced both long and short position according to the most recent commitment of traders report. Prices were under some pressure Monday as forecasts for…