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...
Choice white grease (CWG) traded higher out of the Missouri River market today, up to a high of 39 cents lb with strong volume seen at the 38 cents lb level as well. Trading was quiet into/through Chicago and out of the Eastern markets.
Gulf UCO prices were down by ½ cent lb for the nearby market. Distiller’s corn oil (DCO) traded into the Gulf market at 48.5 cents lb for May. Market sources reported bids at 46.5 cents lb delivered and offers as high as 49 cents lb.
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