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...
Soybean oil futures gained a little more than one percent on Thursday, pushing the nearby contract back above 32 cents per pound. Prices were supported by the liquidation of short oil share positions and minor gains in palm oil prices overnight. The gains in soybean oil prices lifted the nearby oil share back above 30 percent, but flat soybean meal futures and gains in soybean futures drove the nearby crush margin down 4 1/2 cents to $1.28 per bushel. The gains in soybean oil futures helped…