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...
Market Activity
There was a report of five cars of packer BFT at $0.2700 Chicago today, but the shipping window could not be confirmed as of press time. If the trade is outside of the 30 day window, it’s narrowly so. There was more packer BFT offered at $0.2700 Chicago this afternoon and unsold. The Chicago technical market remains quiet with Gulf and California continuing to pull in much of the material.
Figure 1.
The spread between Chicago Technical Tallow…