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 the New Zealand market moved NZ$10 lower for the 1 and 2 acid material and down NZ$30 for 4 and 10 acid material. High temps and some shipping delays have pushed ffas higher and shifter the balance of supply towards the higher acid material, hence the more precipitous drop.
Australian values were unchanged, both for domestic and export trading. Sources have indicated that Singapore is tire kicking for material, which should have…