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...
Organic soybean prices are stable heading into the holiday season hovering just above support levels near the Bollinger band low at $18.25 per bushel which is 2-standard deviation below the 20-week moving average. Resistance on organic soybeans is seen near the 20-week moving average at $18.50 per bushel with additional resistance near $18.75 near the Bollinger band high which is 2-standard deviations above the 20-week moving average.
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