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...
Market Activity
Six cars of packer BFT traded at $0.2900 Chicago this afternoon for August shipment. Sources remarked that a buyer was in the market looking for a few days at $0.2800, but was unable to find any material before seeing the $0.2900 today. High temps in some areas, long positions and weak kills continue to limit the spot material available. Tech tallow continues to be offered out at steady prices, but sellers are having a hard time finding a home for material.
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