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 prices appear to be forming a bottom, and hedge fund traders are reducing short position ahead of a potential move higher. Crude oil prices are also surging higher, which is providing a bid across the commodity complex. The dollar continues to weaken, and softer than expected data, in the United States, shows that positive sentiment has not yet spilled over into hard economic information.
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