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 meal prices are consolidating after taking another leg lower, and hedge funds remains short, which is weighing on prices. A fundamental shift will need to occur, for a short-squeeze to ensure. The soybean complex remains under bearish pressure as forecasts for higher soybean supplies for 2016-2017 will be released this week on the USDA Acreage report.
While hedge funds…