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...
Reports indicate that the price range for wheat midds has increased in Minneapolis, Kansas City, and Buffalo. With the holiday approaching, the market has become tight as end users are unwilling to sell their feed, reporting both a lack of demand and issues with run time. Participants have pointed out that the markets may be exaggerated as individuals are stocking up on mill feed in anticipation of the holiday. Reports also indicate a decrease in corn gluten meal prices for Chicago rail, as well as Midwest barge and rail.
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