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...
Market Activity
A total of eighteen cars of packer BFT traded at $0.3300 Chicago this afternoon. Eight were within the 30 day window, late trading on Friday was done for ten cars just outside of the 30 day window. Sources reported interest at $0.3200 for late June/early July shipment, but buyers were unable to find sellers at this price. UCO prices are up a penny out of the Illinois market today. YG trading was reported $0.2500 – 0.2600 FOB NY and $0.2500 – 0.2550 FOB IL. Trading…