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 Dollar Drives Bean Oil Price Action
It appears that following downdraft in prices during the first half of March, bean oil prices have found a bottom and are attempting to gain traction. This phenomenon is across most commodity complexes, as even oil prices despite its high inventories are holding ground.
The catalyst now seems to be the recent weakness in the US dollar. Dollar strength dominated the commodity landscape prior to last…