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
Packer BFT was offered out at steady pricing $0.2800 with sources reporting some interest, but as of press time it was untraded. CWG was offered steady at $0.2600 Chicago with no business done.
Yellow grease continues to trade lower, $0.1750 – 0.1800 FOB Mo. River and $0.1800 – 0.1850 delivered into the KS/TX market. Gulf pricing was lower, $0.2100 – 0.2300, but sources are reporting that buyers are seeing the cheaper numbers out of the Southeast and Eastern…