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...
Most CME grain prices were on a downward trend on Tuesday. The only grain that increased was March wheat, which jumped $0.0575 and closed at $6.22/bu. January soybeans decreased $0.145 and settled at $13.12/bu. Additionally, January soymeal dropped $9.60 and closed at $403.20/st, and March corn fell by $0.0425 to $4.72/bu. Improved weather forecasts in South America led to a decline in soybean prices, prompting technical selling. However, wheat prices increased as a result of beneficial rains in the U.S. Plains, while corn prices dropped due to rainy forecasts in Brazil and Argentina.
Weekly Grain Inspections
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