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...
Trading was quiet to close out the week with no changes reported. Inedible meatmeal exports for April were reported at 74,7410 MT, up 8 percent from year ago levels and down 14 percent relative to March. Indonesia was the largest buyer taking in 24 percent or 18,254 MT. China and Vietnam followed at 14,3434 MT and 13,258 MT, respectively. Mexico imported 12,136 MT in April.
Figure 1.
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