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...
Ruminant MBM traded in a wide range, $200 – 240 FOB Mo. River today and Panhandle action was done at higher levels, $187 – 210. Sources have reported difficulty on the finished products side, which is creating some deferred headwinds for the post-holiday position.
Feathermeal did trade higher out of the Delmarva market, $370 – 390. Mid South trading was reported at a flat $425. Sources continue to report tight supplies.
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