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
There was a good bit of trading this afternoon in the tallow and grease markets. Tech tallow traded into the Gulf at $0.3250, fifteen cars for the 30 day position. Tech was offered into the Chicago market at $0.3500 and untraded. Yellow grease trading was done out of the NY market at $0.2600 FOB, 20 trucks for the 30 day position and CWG trading was done at steady pricing FOB Mo. River. Sources continue to report that a number of bio plants are full with bean and…