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...
Crude glycerin values were holding steady to begin the holiday-shortened trading week. Brokers and producers quoted crude values in the 9 to 11 cents per pound range for the most part, although several traders said the market remains very quiet.
One producer selling primarily into the deicer/coal freeze sector, says demand is very strong. Frigid temperatures across the Great Plains, Midwest, and stretching to the East Coast have added demand.
Other traders are keeping their eyes on China and the Middle East. In one trader’s opinion, “The longer China takes to turn around their economy, the more glycerin originally destined for China will start arriving in the US or Mexico, adding imports to a currently full market.”
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