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...
Bean oil price moved higher on Monday despite wet weather over the weekend that brought desirable moisture to dry soils with forecasts for additional rainfall this week. Higher rain level are benefitical to additional crops which could erode prices. Hedge fund traders continued to move into long futures and options position during the latest week reported by the CFTC.
According to the most recent…