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
It was a busy day in the market with prices dropping sharply in a number of markets. Packer BFT traded at $0.2500 – 0.2600 Chicago, five each, with more offered at $0.2500 to close out the day. Sellers continue to report a lot of difficulty finding buyers in the Chicago market. CWG was offered at $0.2350 Chicago this afternoon, down a penny and a half.
Five cars of edible tallow traded at $0.2650 and tech was offered and unsold at the same price. Renderer…