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...
Organic wheat prices have eased with organic feed wheat trading down to $6.0 picked up at the farm, with offers coming in near $6.25 according to Merchandisers. With the organic wheat harvest coming to a close there appears to be robust supply available. Organic corn prices remain stable near $7 picked up at the farm in the mid-west and prices for organic corn new-crop are similar.
Transportation prices are also up this week. Operation Safe Driver Week is still scheduled for July 12-18. This has helped buoy truck fees going east from the mid-west by approximately $1,000 per load. The International Roadcheck is an annual three-day event when CVSA-certified inspectors conduct compliance. Many truckers have taken the week off to avoid the hassle according to Merchandisers.
Pepsi Financial Results Show Strong Growth in Food Items
Pepsi, which is one of the large drink and…