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 price are consolidating in a tight range, trading just above support levels near an upward sloping trend line near 310. Large inventories of beans, are being sold at lower levels, to finance the current planting season, which is capping prices. Hedge fund traders added to long positions in futures and options and reduced short positions placing the market in balance, as prices form a bottom.
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