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
The market was mostly flat today. Nearby corn oil continues to be reported as tight and prices are snug in their current range. Choice white prices were indicated steady today, kills took a bit of a step back with 456,000 head estimated today. As stated yesterday, the fundamentals suggest the market is going to head lower in the coming weeks as a combination on heavy kills and a stronger than prior relationship to nearby bean oil weighs on the market. Cash bean oil…