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 export sales for the 2018/19 marketing year were 628.8 TMT, down 8 percent from last week but 30 percent over the prior 4-week average. There were no new crop sales, leaving combined sales to 628.8 TMT. Combined sales were down 8% week over week but within analyst estimates that ranged from 400 to 550 TMT. 2018/19 export commitments are 45 percent of the USDA forecast with 40 weeks to go and…