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 prices were mixed on Friday. May wheat declined $0.185, closing at $5.57/bu, and May soybeans increased by $0.105, settling at $11.51/bu. In addition, May soymeal rose by $3.10 to $332.30/st. while May corn dropped by $0.0475 to $4.24/bu. Soybean prices showed double-digit gains after a round of bargain buying due to an expected record-breaking harvest taking place in Brazil, coupled with large global supplies. Sluggish U.S. exports led to a significant decrease in wheat prices, while corn prices faced losses mainly caused by spillover weakness from the wheat market.
Weekly Soybean Crush
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