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 market had an overall quiet tone today, but there was trading done at higher prices. Poultry fat, yellow grease, and choice white grease were all higher for limited volume today. The limited volume is due to limited offers with tight supplies coming off the holiday shortened week and summer temperatures diminshing the amount of in-spec material available for the nearby market.
Tallow was higher into the Gulf market, reported at 66 delivered today. Distiller’s corn oil traded as high as 69 FOB Mo. River and NE/KS, but the bulk of indications today and yesterday were in the 66-67 range for nearby and August shipment.
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