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...
CME grain pricing was lower today. March corn decreased $0.045, falling to $4.42/bu. March wheat fell $0.0175, dropping to $5.99/bu. March soybeans shifted down, with a decrease of $0.1475 and settling at $11.88/bu. Additionally, March soymeal prices were down $4.90 to $356.80/st. Soybean prices dropped by double-digits due to concerns over demand and the likelihood of a record-breaking Brazilian harvest. Corn and wheat prices showed a moderate technical setback, leading to losses following a somewhat choppy session.
December Soybean Crush Above Monthly, Yearly Levels
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