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...
Organic soybean prices have remained steady, buoyed by the uncertainty of critical imports. Organic soybean demand in the U.S. relies heavily on imports. Between 227K and 342K metric tons (mt) of organic soybeans were imported into the U.S. annually over the previous three years. Current YTD imports of organic soybeans are short of previous year’s at 197k mt, but fourth-quarter shipments have yet to land. A supply crunch may not be felt until 2024.
…