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...
Market Activity
Six cars of packer BFT traded up to $0.2400 Chicago this morning. Sellers are seeing good demand from the renewable industry for the Nov and Dec trading window, which is the rising tide lifting prices. Given the $190 LCFS credit, those with access to the market have been able to pay good premiums for material.
Choice white grease traded in four rail cars up a penny to $0.2400 Chicago. The truck market was quiet today.
Cattle slaughter finished last…