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...
The estimated crush margin dropped 15 cents per bushel, falling from $1.44 per bushel to $1.29 as the value received from soybean meal continues to decline. A strong crush, operating at record highs recently, has kept the supply of soybean meal high. However, demand has been on the decline. Soybean meal exports have moved from 12.8 million short tons being projected as heading into the export market for the…