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...
Trading was lower, relative to last week, at $1.18 North American. Most are calling the North American market at $1.35 – 1.50 range. EU trading was seen anywhere from €1,22 – 1,60. Sources continue to report very, very strong demand from China and the start of baseball in the US and Canada and early, warm temps should continue to add bullishness to this already very, strong market.
Table 1.
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