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...
Weekly Recap
Soybeans surged last week. The July futures contract moved 31.5 cents per bushel higher; it’s the fourth consecutive weekly close higher. The August contract gained 33.75 cents per bushel. Exports continue to run above USDA forecast despite raising export activity by 10 million bushels. Export commitments are 102% of expectations with 11 weeks to go. The cash basis moved higher in Minneapolis and Toledo, and…