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
Midwestern MBM prices traded down sharply today. Trading out of the Mo. River and Panhandle markets topped out at $200 with good volume seen as low as $178 FOB River and $170 FOB Panhandle. The Illinois market fell $10 and the Illinois Renderer market fell $5. Trading into the Eastern and SE markets was steady as logistics and tight delivery windows are keeping prices tight for the short term. Buyers have reported that sellers are willing to offer discounts for…