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...
Animal Proteins – International
Prices for MBM into Indonesia and China eased this week, with the topside falling to $520 CIF in both markets. Values into Indonesia were reported $490 – 520 over the last week with values starting to consolidate towards the lower end of the range. Buyers are seeing plenty of offers from sellers and have been able to leverage the lower soybean meal prices into lower MBM values.
Trading out of the Australian market was firm with the exception…