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...
Used cooking oil (UCO) traded at 41.5 cents per lb delivered US Gulf on Wednesday May 8, up 1.5 cents per lb from the last reported level. UCO was higher out of the California FOB markets as well, up to an average of 33 cents per lb.
Distillers’ corn oil (DCO) prices were higher on support from tighter production last week.
US ethanol production was estimated at an average of 965,000 barrels per day for the week to Friday May 3, according to the US Energy Information Administration’s (EIA) Weekly Petroleum Status Report released on Wednesday. The estimate was down by 22,000 barrels per day from the week prior.
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