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...
Bean Oil is Trending Lower, and Hedge Funds are Vulnerable
Bean oil prices are trading in the middle of a 6-month upward sloping channel, and trading heavy after US export sales missed expectations. The USDA said U.S. exporters generated revenue on 903,600 metric tons of soybeans during the week ended November 16, below forecasts. Bean oil sales also missed estimates. Hedged fund traders added to both long and short futures and options positions according to…