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...
Biodiesel Market
The closing numbers
Friday’s US Court of Appeals decision is still resonating in the ethanol RIN market. Prices traded up to 89 cents on Friday before pulling back and closing in the 85 to 86 cents range. Today, prices pushed higher again, closing 2.5 to three cents higher. The E17’s were trading 88 cents late in the day. Biodiesel RINs were less enthusiastic, with the B17’s holding in the 108 to 109 cents range. The B17/E17 RIN…