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...
Used cooking oil (UCO) traded at a steady price into the Gulf today at 38 cts/lb and trading was done lower into the Southeast market, 39.5 cts/lb. A similar range was broadly indicated across much of the country, 38 – 40 cts/lb delivered, although there are pockets of lower prices when netting back to an FOB value.
Choice white grease trading was mostly steady today although reported volume was light. There was a major winter storm impacting a wide swath of the Midwest on Tuesday which is forcing buyers, sellers and traders out of trading mode and into logistics management.
Tallow did trade down a penny late Monday into the Gulf market, 40.5 cts/lb delivered.
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