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...
Weekly Export Sales
Soybean export sales for the 2017/18 marketing year came in at 281.9 TMT, down 20% from last week and 48% less than the prior 4-week average. Sales for the 2018/19 crop year totaled 224.7 TMT, lifting combined sales to 506.6 TMT. Combined sales were down 20% week over week but within analyst estimates that ranged from 400-1,000 TMT. 2017/18 export commitments are 89% of the USDA forecast with 16…