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...
Soybean oil prices moved lower on Monday edging through support levels, as traders refocused on the potential new crop harvest given the most recent weather forecast. The most recent USDA World Agricultural Supply and Demand Estimates showed that the USDA increased its soybean forecast which has weighed on prices following Thursday’s whipsaw price action. Hedge fund traders added slightly to short position…