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...
According to the EIA’s Weekly Petroleum Status Report, ethanol production edged 4,000 barrels lower to a 961,000 b/d average. Production is at its lowest level since May 15th. Stocks fell by 413,000 barrels as gasoline demand increased 3.7%. Ethanol imports held at zero for the fifteenth consecutive week. The drop in production led to a decrease in the demand for corn. Corn use…