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...
Soybean oil prices remain supported after RVO release
With the dust beginning to settle after the long awaited RVO release the market is seeing an underpinning of support for soybean oil. The edible oil has moved a leg higher on the price charts with support seemingly beginning to firm around the 33.90 cent per pound level.
Market prices rallied again today lifting July SBO futures prices 56 basis points to 34.73 cents per pound. Soybean oil prices appear to…