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...
Weekly Export Sales
Soybean export sales for the 2016/17 marketing year jumped 66% to 890 TMT and were 33% more than the prior 4-week average. New crop sales came in as at 207.4 TMT, up 78.1 TMT from last week, bringing combined sales to 1,097.4 TMT. Combined sales were 65% higher week over week and exceeded analyst expectations that ranged from 450 to 800 TMT. 2016/17 export commitments are 93% of the USDA forecast with 29 weeks to go. Current sales are 25% more…