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...
Animal Proteins – International
MBM trading into China and Indonesia moved lower over the past week. Sellers are now targeting the post Ramadan market in Indonesia. The market post-Ramadan is typically sluggish and this combined with heavy US production has eased prices into a range of $470 – 480. Sellers are offering June/July packages in order to keep product moving. Demand is present from China, but sellers have reported that buyers see the slowdown in Indonesia and are…