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 remain subdued, and prices are hovering near organic corn prices. In some areas where there are cash basis discounts, organic wheat prices are below organic corn prices. This comes despite soft red winter wheat prices above $6 per bushel on the CME. Hi-protein organic wheat prices in Europe from the Black sea region are trading near 270-280 euros per metric ton. Lo protein wheat FOB the Baltics are trading near 245-euros per metric ton. Organic corn prices in Europe remain steady with organic corn from the black sea region (mainly Ukrain) trading near 230-240 per metric ton.
Mobility Trends are Slowing in the US
Mobility trends are slowing, as the weather gets colder and COVID-19 begins to spread again. According to Google Mobility, the trend toward recreation and retail are down 18% over the past month. People appear to be spending more time in parks which is up 1% and at home which is up 4%. Transit is…