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...
Ethanol & DDGS – Ethanol Production Falls to Lowest Level Since 2013, Gasoline Demand Lowest Since 1994
- Ethanol production falls 16.4% to 840,000 bpd; down from 1.005 million per day. Lowest since 9/20/2013
- Gasoline demand falls 25% to 6.7 million bpd, reaching lowest level since Jan 28, 1994
- Ethanol Stocks hit all-time high – 25.7 million barrels
According…