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
The fat market was fairly quiet today with mostly sideways trading reported. Three cars of renderer BFT did trade at $0.2000 Chicago this morning. Packer trading was quiet with no bids or offers in the market. Sources have suggested that there is some additional renderer available at $0.2100 Chicago. Feed demand is strong enough that sellers are finding trucks business or blends to be a better alternative than a sub-$0.2000 Chicago market.
CWG trading was…