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...
Canola Prices Roll Over as Prices Consolidate
Canola prices rolled over after suring toward resistance near the Bollinger band highs which are two-standard deviations above the 20-day moving average at 38.50. Additional resistance was seen near the late March highs which came in at the same level. Despite continued demand for bean oil for feed and food in the U.S. and China, an overhand of inventories from last autumns harvest continues to cap prices.
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