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...
Trading was mostly sideways today in the protein market. Illinois renderer MBM did move down by $5. While trading was sideways, negative momentum continues to build in the market, especially the blood meal market. Reports of distressed loads at unspecified pricing have been common this week and sellers have been aggressive in making sure that they aren’t holding loads late in the week. There haven’t been any indications that the market is at a bottom, but the…