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...
SOYBEAN OIL DOWN ON SHARP DECLINE IN PALM OIL FUTURES AHEAD OF MONTHLY PALM OIL DATA
Nearby soybean and soybean meal futures were marginally lower on Monday with the soybean contract down 2 1/4 cents and the meal contract off $0.40 per ton. Nearby soybean oil futures were down about one percent pressured, in part, by weakness in palm oil futures overnight. Funds were reported sellers of 2,000 soybean contracts,…