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...
Soybean Oil Settles Higher
Soybean oil prices moved higher on Thursday as prices rallied with crude oil in overnight trading, but settled about 1/2 percent below the high of the day when crude oil gains evaporated at the beginning of U.S. trading. Soybean oil futures gained more than 1 1/2 percent (July contract +42 basis points) on strength in soybean futures and oil share spreading by the funds. The rally…