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 rose 3% to 427.7 TMT but were 31% less than the prior 4-week average. There were no new crop sales, leaving combined season sales of 427.7 TMT. Combined sales were 36% less than last week’s sales and were within analyst expectations that ranged from 200 to 750 TMT. 2016/17 export commitments are 94% of the USDA forecast with 27 weeks to go. Current sales are 24% more than last year’s pace. Major…