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...
Distillers Corn Oil Production – Ethanol production drops by 8,000 b/d
According to the EIA’s Weekly Petroleum Status Report, ethanol production fell by 8,000 barrels to a 965,000 b/d average. Production is at its lowest level in the past two months. Stocks grew by 89,000 barrels as gasoline demand dropped 4.2%. Ethanol imports held at zero for the fourteenth straight week. The drop in production led to a decrease in the demand for…