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...
*The Jacobsen will not publish a Vegetable Oil Bulletin on Monday, January 17 due to the observance of Martin Luther King Jr. holiday. We will resume our normal publication schedule on Tuesday, January 18.**
**Please Note – Bob Lane was out of the office today and will return on January 18.**
U.S. Soybean, Meal Exports Rebound Sharply on Week
For the week ending January 6, U.S. net soybean export sales for the 2021/22 year were 735,000 metric tons (MT), up 92 percent from the week prior week but down one percent from the four-week average, according to the latest Weekly Export Sales report from the USDA. Increases for China, Mexico, Egypt, Bangladesh, and Indonesia were offset by reductions for unknown destinations. A total of 183,000 MT of net soybean sales were reported for 2022/23 for China and unknown locations. Soybean…