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 Recap
Soybean futures closed higher on a weekly basis for the fourth straight week, gaining 2.75 cents per bushel for Jan delivery and 3.25 cents for March. The soybean harvest advanced 3 points and is 95% complete. The harvest should wind up this week. Soybean exports were down 23% with old crop sales trailing the 4-week average by 45% and…