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...
Market Activity
Trading in the spot, nearby market was non existent today. Sources have reported that biodiesel interest for January is popping up and buyers are quietly sourcing material for the nearby position. Corn oil trading was reported late Friday, $0.2350 FOB Mo. River and $0.2400 FOB Indiana for the 60 day position
Weekly Review
Heating oil was off by $0.11/gal last week hitting a multi year low at $1.1198/gal. The spread to fats was a record low as well,…