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...
Trading was mostly steady today with few changes reported. There remains plenty of bearish sentiment in the market due to a lack of a biodiesel tax credit, but trading was mostly sideways today. Yellow grease did trade lower into the Carolinas, $0.2500 -0.2600 delivered. Midwestern prices, i.e. Illinois and Mo. River have been supported by a favorable relative price to corn and higher priced feed fats in the surrounding markets. It’s reasonable to expect those…