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...
The oil share resumed its decline beginning late last week on Thursday in the wake of the USDA’s planting report. The bullish outlook for soybeans gave a boost to the entire complex but allowed bean meal gains to far outpace bean oil returns. Hedge fund traders remain short bean oil, which is offset by long position in bean meal and soybeans. A break of resistance could lead to a huge short-covering rally.
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