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...
DDGS remained unchanged today with sources reporting limited trading activity. However, market participants noted that plant outages are likely to persist due to fall maintenance.
CME grain prices witnessed an upward trend across the board on Monday. October soymeal increased by $3.80 and closed at $392.00/st. November soybeans shifted up by $0.015 and settled at $12.97/bu. Additionally, December corn rose by $0.04, reaching $4.81/bu, and December wheat jumped by $0.095 to $5.89/bu. Despite the lack of positive momentum in recent weeks, grain prices received a boost today from a significant flash corn sale and increased geopolitical tension in the Black Sea region.
Weekly Soybean Crush
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