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...
Bean Oil Consolidates in an Uptrend but Hedge Funds are Adding to Short Positions
Hedge fund traders added to short position in futures and options, as bean oil prices consolidated above support levels. Soybean acreage is now seen increasing to 84.5 million up 2.3 million compared to initial estimate by the USDA. Traders will now await the USDA’s updated planting report which is scheduled to be released on June 30, 2016. Supplies from both Brazil and…