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...
Organic wheat prices have been moving up in tandem with organic corn, and the lack of availability has made activity scarce. Most merchandisers appear to be focused on the issues related to organic soybean and organic soybean meal prices. This lack of attention has helped organic feed wheat and organic corn prices to creep higher slowly. Organic corn prices in the mid-west are slightly above $8, and prices on the east coast are trading near $10.
Organic cracked corn imports delivered into More Head City in February were up month over month. Still, the lack of imports of organic corn and organic cracked corn could be the impetus that drives organic corn prices higher.
Import “bills of lading” show that slightly more than 10.8K metric tons of organic cracked corn were delivered into the U.S. in February. All of the shipments came into the east coast docking at Morehead City, North Carolina. According to The Jacobsen, this delivery was the first shipment of organic…