Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of the transition from the Blenders Tax Credit (BTC) to the 45z Clean Fuel Production Credit (CFPC).
“Supply is very tight on biodiesel right now,” a producer said.
This was echoed by a truck stop fuel provider who noted all of their 2024 volumes have already been filled.
A fuel blender said spot market trading was “somewhat active, but not what I consider normal activity. In fact, I would say it is way below normal for this time of the year.”
The transition from BTC to CFPC is not expected to be smooth since there remains a lack of guidance on the CFPC credit calculation.
Several producers and blenders have told Fastmarkets they are not trading past the end of the year.
…
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...