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
Ten cars of packer BFT traded down a penny today at $0.2350 Chicago. Renderer action remains quiet and material is offered, but the next traded level is likely to be lower. At this level BFT is just above a relative price of 85% to nearby SBO and should see a bottom for the near future barring any unforeseen actions by government entities.
Choice white grease traded in six rail cars at $0.2400 Chicago. Truck action in the Midwest was steady, but given the…