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 Export Sales
Soybean export sales for the 2016/17 marketing year increased 114% to 340.2 TMT but were 15% less than the prior 4-week average of 399.3 TMT. New crop sales totaled 314 TMT, up 42% week over week and lifting combined season sales to 654.2 TMT. Combined crop year sales were up 72% from last week and were within analyst expectations that ranged from 350 to 750 TMT. 2016/17 export commitments are 106% of the USDA forecast with 12 weeks to go. Current…