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 was done in the CWG markets, both Chicago and Mo. River. The River market saw steady action at $0.1650 – 0.1700 FOB in trucks and the Chicago market was reported at $0.1900 in rail cars.
Yellow grease trading was mostly quiet, but there was some trading done at lower levels out of NY, $0.1800 – 0.1850. The Carolinas market was higher, $0.1950 – 0.2050 for both poultry fat and yellow grease. Poultry production will slow over the next couple of weeks…