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...
**Please Note – Bob Lane was out of the office today and will return on January 10.**
U.S. Weekly Ethanol Production Edges Higher, Stocks Fall
Total U.S. ethanol production edged higher while stocks dropped during the week ending December 24, data released December 29, 2021, from the U.S. EIA showed. Output rose less than one percent, or 8,000 barrels per day, to 1.059 million b/d, from 1.051 b/d the week prior. Ethanol production in the largest producing region of the Midwest rose to 1.0 million b/d, up from 991,000 b/d the week before.
EIA reported that U.S ethanol stockpiles were down 29,000 barrels to 20.676 million barrels during the…