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 out of New Zealand moved lower this week with buyers in China and Singapore taking a step back. Sellers had seen a bump from short covering, but with those needs met and the next demand position looking weak prices are on the defensive. Trading out of Australia was quiet with no changes reported. With Singapore absent from the market, it’s reasonable to expect prices to decline in the comings weeks. Through May of this year, Australia has…