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 soybean meal prices in Europe are rising. Merchandisers tell The Jacobsen that organic soybean meal is trading near 950-euros per metric ton delivered to Denmark. Prices have increased from 750 per metric ton just 3-months ago. While the cost of shipping into northern-Europe has increased from India, demand has been a driver of higher prices. Organic soybean meal prices in the mid-west have also been rising. Merchandisers have shown The Jacobsen a range of prices ranging from a low of $800 per short-ton to a high of $875 per short ton for domestic organic soybean meal. In key Midwest locations, organic soybean meal is hovering near $850 per short ton. Organic soybean meal prices in Baltimore customed cleared trading near $775 per short-ton. Organic soybean meal that is customed clear and transloaded is trading near $825 per short ton.
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