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...
The animal protein market was mostly steady today. Despite weakness in the milk markets and concerns about demand from the dairy sector in 2021, nearby blood meal prices moved higher this week. Ruminant blood meal prices FOB Missouri River finished the month of November with a relative price to nearby soybean meal of 208 percent, 20 points over the prior three year average and 5 points under the prior three year average. Soybean meal reversed a three day trend and current values are supportive of steady prices in the near term. The most dominant variable in the spot market right now…