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...
OIL/MEAL SPREADING DRIVES NEARBY SOYBEAN OIL CONTRACT BACK ABOVE 30 CENTS PER POUND
For the second consecutive day, the United States Department of Agriculture (USDA) announced a daily sale of soybeans to China and the market moved only modestly higher. However, unlike the last two days, futures ended the day with a rally and settled near the high of the day. On Tuesday, USDA announced, via its daily reporting…