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...
At the cash market, indications for Mississippi Valley cottonseed oil (PBSY) dropped four cents from prior assessments. Values stepped down from 74 cents per pound last week to 70 cents per pound, one of the lowest levels yet this year. This was attributed to ongoing weakness in soybean oil futures on the CME. Spot cottonseed oil prices are down close to 30 percent from the 2023 high of 98 cents per pound reached in January.
Figure 1.
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