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 meal prices remain steady, with a decline in previously reported highs north of $900/st. West Coast prices for Q1 2024 were reported to Fastmarkets trading near $810 per short ton. According to merchandisers, prices on the East Coast are trading between $800 and $850. Despite the huge decline in organic soybean oil prices, we have heard an extensive range of prices. The drop in diesel prices has not helped conventional soybean oil prices, which has weighed on organic soybean oil prices.
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