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...
Packer and Renderer BFT were offered out at $0.2300 Chicago by a few different sellers and as of press time, it was untraded. Chicago CWG was offered at $0.2100 with a matching result. Demand for material is weak at the moment and sellers are hoping to pique some interest with the lower prices.
Weekly Review
With the AFOA taking place in NY last week, the…