The transition in the US biofuel market from the Blenders Tax Credit (BTC) to the Clean Fuels Production Credit (CFPC) was not going as planned, Fastmarkets heard on Thursday December 5.
A lack of government guidance on the CFPC has many stand-alone biodiesel producers either shutting down or drastically scaling back production, which meant that these producers were not purchasing soybean oil and other feedstocks.
While the current presidential administration under Joe Biden prepared to give way to incoming President-elect Donald Trump, there were numerous large macro-economic issues taking center-stage. But resolving the CFPC issue was not one of them.
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02.04.2025
Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty
The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.
Six railcars...
02.04.2025
Light trade volume leaves most US animal protein prices flat
Light trade volume was reported in the US animal proteins markets for Tuesday February 4.
Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...
02.04.2025
December US soybean crush, corn consumption up month on month
US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...