US spot prices for vegetable oils closed the week on a quiet and depressed note on Friday December 20.
The market remains in shambles due to a lack of guidance regarding the 45Z Clean Fuel Production Tax Credit (CFPC) that will go into effect on January 1, 2025. The CFPC is set to replace the $1-per-gallon Blenders’ Tax Credit (BTC) after it expires on December 31.
Hopes for a delay in the BTC’s expiration were dimmed this week when a US Congressional spending bill that contained no language pertaining to a possible extension of the BTC failed to be passed twice.
If a spending package is not approved by 11:59pm Friday, some federal services will begin shutting down, which means ongoing tax credit uncertainty for the biofuel industry.
…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...