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...
Protein prices into Indonesia were flat with last week, although there was light volume reported above the $500/MT threshold. Demand continues to be strong amidst the rising soybean meal prices. Sellers may be stepping back a bit in hopes of pushing the market more aggressively higher. Trading into China was done at higher prices, $520- 535 CIF.
The Jacobsen’s soybean analyst, Tore Alden, has reported that the soybean meal market is being…