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...
Runner Market Activity
The runner market looks virtually identical to the runner market at the start of April, a container of NA at $1.18 and EU trading between €0,87 and 0,94. Depending on who is queried, the market is either flat or heading north. Hog kills remain robust in the US, which should be keeping the market well supplied, but a lack of non-contract material is keeping the spot material market as high as $1.18.
Table 1.
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