A bipartisan bill to extend the $1-per-gallon biodiesel tax credit was introduced to the House of Representatives on July 18. The bill was sponsored by representative Mike Carey of Ohio, along with representatives Ann Kuster and Claudia Tenney. The measure was referred to the House Committee on Ways and Means.
Postponing the move from the blenders tax credit (BTC) to the Clean Fuels Production Credit (CFPC) could provide a measure of relief for the industry. Many market participants have previously speculated this would be an impossible task, given that a deeply divided Congress would have to come together and pass the resolution. The legislation will test this view.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...