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
Trading was fairly quiet today. The only action reported was three rail cars of lard at $0.3200 Chicago. Biodiesel sellers are on the sidelines after last week’s continued peppering of worsening news out of the EPA. With the week closing on news that a blanket small refinery waiver would likely create a 2 billion gallon reduction in the overall RVO, it’s not surprising that buyers are on the sidelines and fat sellers are checking in on all of their feed accounts….