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 dropped 48% to 211 TMT and were 63% less than the prior 4-week average. New crop sales totaled 14 TMT, down 89% week over week and lifting combined season sales to 225 TMT. Combined sales were down 57% from last week and less than analyst expectations that ranged from 350 to 750 TMT. 2016/17 export commitments are 101% of the USDA forecast with 20 weeks to go. Current sales are 25% ahead of last…