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 increased 33% to 472.7 TMT and were 1% more than the prior 4-week average of 478.7 TMT. New crop sales totaled 6 TMT, down 86% week over week and lifting combined season sales to 396.8 TMT. Combined crop year sales were up 21% from last week and within analyst expectations that ranged from 300 to 650 TMT. 2016/17 export commitments are 104% of the USDA forecast with 15 weeks to go. Current sales…