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 Thursday. The only grain that increased was March wheat, which jumped $0.085 and closed at $6.31/bu. January soybeans decreased $0.115 and settled at $13.05/bu. Additionally, January soymeal dropped $5.90 and closed at $393.00/st, and March corn fell by $0.0225 to $4.74/bu. There was a slight decline in corn and a double-digit drop in soybeans due to a round of technical selling, driven by forecasts of rainfall in South America. On the other hand, wheat found some support due to increased activity in the Black Sea.
Weekly Ethanol Update
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