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 Recap
Soybean futures closed lower on a weekly basis for the first time in three weeks. Soybeans for March and May delivery slipped 0.68%, or 6.75 cents per bushel. Export activity weakened, falling 42% to 359 TMT for 2017/18 sales, and 52% below the 4-week average of 754.5 TMT. Total export commitments are 74% of projections with 31…