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...
Bean oil prices rebounded late in the week following soy beans higher despite a report that showed that hedge fund were exiting long positions in the benchmark vegetable oil. Investors have been bullish soybeans based on speculation that adverse weather in South America would curb production. Excessive rainfall in Argentina has cut output in the country by about 7.4%.
While managed money added to long…