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 feed commodity markets continue unchanged as the new year commences. Besides the rush to service animal feeders prior to, and over the course of the holidays, markets are slow. Broader economic conditions continue to be the most salient concern in 2024 insofar as demand for organic products is concerned.
Soybean meal has maintained its $800/short ton floor in all markets. There have been reports of sharp freight increases on the back of attacks by Houthi rebels on Red Sea shipping concerns. The situation in the Panama Canal had already put significant pressure on global shipping.
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