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...
Physical vegetable oil markets opened the week in slightly mixed but overall sluggish fashion. Prices were flat to slightly changed, with few actual deals again reported. Transportation problems that started last week amid frigid temperatures and several winter storms around the country are expected to linger into part of this week.
Price indications for coconut oil and most other palm oil products have been firm to higher because of higher fright rates due to issues in the Red Sea and with the Panama Canal, as well as recent strength in palm oil futures in Malaysia.
Figure 1.
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