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 And Chloe Krimmel were out of the office today and will return on March 14.**
Weekly Export Sales March 10, 2022
Weekly soybean export sales for the 2021/22 marketing year of 2,204.3 thousand metric tons (TMT) were 157.2 percent over last week’s sales and 76.2 percent above the prior four-week average of 1,250.7 TMT. There were 895 TMT in sales recorded for the 2022/23 crop season, lifting total sales to 3,099.3 TMT. Combined crop year sales were 38.2 percent above last week and were within the analyst estimates ranging from 1900 to 3,200 TMT. 2021/22 export commitments are 93.9 percent of the USDA forecast with 25 weeks remaining in the current crop season. Export sales are 13.2 percent under the 2020/21 crop year pace. Major purchases were reported for China, Egypt, and Mexico with China showing the…