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...
Soybean export sales for the 2017/18 marketing year were 152.7 TMT, up 14% from last week but 37% less than the prior 4-week average. Sales for the 2018/19 crop year totaled 1,148.6 TMT, lifting combined sales to 1,301.3 TMT. Combined sales were up 85% week over week and exceeded analyst estimates that ranged from 500-950 TMT. 2017/18 export commitments are 102% of the USDA forecast with 2 weeks to…