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...
Two cars of renderer tallow were reported at $0.3600 Chicago. Packer tallow was offered at $0.3500 for July shipment and unsold. Two cars of CWG traded down a ½ cent, $0.3150 Chicago.
Trucks of CWG were steady this afternoon with feed demand reportedly strong. Biodiesel buyers are starting to push for lower prices due to the lower bean oil market, but today’s action at the CME BO market may be giving the sellers pause. There have been reports of some…