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 fell once again, making this the fifth consecutive down week with lower margins. Margins have moved lower in 8 out of the past nine weeks and at $2.44 per bushel are well off the September 2014 high of $6.11.
This week the margin dropped 4.5% on higher soybean costs and slightly lower values received for soybean meal. Soybean oil prices moved higher, gaining 2.2% for the week and were…