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...
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on trading done late last week.
Reported volumes were thin in the distillers’ corn oil market this week, but trading that was done was transacted lower on an FOB basis. The FOB Missouri River market was down by 0.1% from the prior week’s average.
The nearby CME soybean oil market tumbled to an average of 43.12 cents per lb this week, down by 4.1% from last week and the nearby heating oil market was down by 3.2%.
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