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 estimated crush margin continues to slide lower, as it has dropped 10 out of the past 11 weeks. The cost of beans has moved lower in this time span, collapsing nearly 40% in value since mid February. However, lower bean prices have been more then offset by falling soybean oil and soybean meal values.
The value received from soybean oil and soybean meal sales, per bushel of soybeans crushed, dropped by 51…