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
MBM action was steady today with no changes reported. Sellers remain nervous about the future, as they should be, with supply increasing and demand static, at best.
Feather meal prices continue to decline with the AL/GA market dropping $10 this week. Demand from the blend sector continues to be weak and that drop combined with strong production and a higher-than-usual price to bean meal has pushed the market lower. The risk for lower prices looks to continue…