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...
Ethanol Production and Stocks Preview
A Dow Jones survey of ethanol analysts expects ethanol production to hold steady and stocks to fall. Expectations are that tomorrows report will show production to be within the range of 938 to 950 thousand barrels per day, with an average estimate of 944, slightly over last week’s 941. Analysts are also expecting a decline in ethanol stocks to fall anywhere between 19.85 million barrels to 20.45. The average of the estimated range would be 20.17 million barrels. Should stocks decline to the average, it would be the fifth consecutive week of declining stocks the the lowest level in 24 weeks.
Soil Moisture Remains a Concern, Missouri is 24 points Below Historical Avg Planting Pace for Corn
Corn and peanut planting are below the historical average, while soybeans, cotton, and spring wheat are ahead of schedule. USDA March planting…