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...
LOWER-THAN-EXPECTED USDA ACREAGE FORECAST DRIVES NEARBY SOYBEAN OIL FUTURES BACK ABOVE THE 30-CENT LEVEL
Soybean futures rallied about one percent on Thursday, supported by a United States Department of Agriculture (USDA) forecast for 2019 soybean acreage of 85 million acres, which was down 4.2 million acres from 89.2 million in 2018. The forecast was 2.5 million acres above The Jacobsen’s expectation, but, if…