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 quiet in the tallow market today. There was a bid/offer spread of $0.3300 – 0.3400 Chicago for June delivery on BFT. Tech/Ed quotes were non-existent today. Sources reported heavy formula volume for May.
CWG trading was done in good volume at the bottom end of the range, $0.2800 FOB Mo. River. Sources have commented that more feed and biodiesel operators are moving towards reformulation with these higher numbers, which is a good segue into yellow…