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 moved higher for the third consecutive week, rising 26% to 477.3 TMT. Sales were within analyst expectations that ranged from 250 to 550 TMT. Old crop sales were down 60% to 130.3 TMT and were 46% less than the prior 4-week average. New crop sales were significantly higher, up 530% to 347 TMT. Accumulated old crop export…