On Saturday, President Joe Biden and U.S. Speaker of the House Kevin McCarthy announced they had reached a deal in principle on a two-year government budget in exchange for lifting the debt ceiling through January 2025.
House Republicans had been determined to discard the roughly 10-year $80 billion in IRS funding contained in the Inflation Reduction Act (IRA) that was passed last year. It has been reported Republicans were successful in getting approximately $21 billion of the funding repurposed to non-defense areas.
According to White House talking points, the current agreement would not make any changes to the Inflation Reduction Act’s climate and clean energy provisions. Previous Republican efforts to upend other provisions within the IRA, including the $1 per-gallon biodiesel and Renewable Diesel Tax Credit along with limiting the 45(Q)-tax credit for carbon sequestration, were met with early…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...