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...
The crush margin declined, partially offsetting last week’s gain, dropping 4.4% to $2.15 per bushel. Lower soybean prices and a higher value received for soybean oil were more than offset by a $10 per ton drop in soybean meal values. The value received from oil and meal sales, per bushel of soybeans crushed, dropped by 21 cents per bushel, while the price of soybeans fell by 18 cents per bushel. This allowed the…